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.

 

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

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.