Daily Archives: September 21, 2012

Ever feel you’ve read all there is to read about China’s growth as a world manufacturing power? Well, did you know that China now has almost complete control of the world’s umbrella market?

China exported over $2.4bn of umbrellas, walking-sticks and whips in 2010, over three quarters – and rising – of global export share.

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We’ve got a bumper selection to take you through to the weekend: Read more

Gideon Rachman

Mitt Romney has already chalked up one achievement. He is making George W. Bush look very good by comparison.

The full effect of Romney’s comments disparaging 47% of Americans has yet to be gauged. But his dismissive tone towards those “who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing” contrasts sharply with George W. Bush – who trademarked the term “compassionate conservatism”. Instead Romney seems to have embraced a Randian “survival of the fittest” model, in which it is even questionable that people have a right to be fed. Read more