Day of Deficit Reckoning
...Another article on the bleak outlook for the US economy. I liked it because it so eloquently expressed what I've been thinking.
This week's newsweek has an interesting article on China: Does the future belong to China?
I found the following from the article quite funny:
"Intel sponsors a Science and Engineering Fair, which is the world's largest precollege science competition, open to high-school students from around the world. Last year was a good one for Americans: 65,000 participated in the local fairs that are used to select finalists. In China the number was 6 million. Yes, Chinese fairs are not as good as American fairs, the standards are different, and you can't compare apples and oranges. But still, 6 million oranges!"
Based on the Chinese students I've come across here, they are no oranges in fact on average they are much smarter than the rest of the class...obviously it goes without saying that Indians are much smarter:-) That's why China is kicking India's butt for the last 30 years but maybe now its time for India to shine with us all riding Laloo's train.