Weekend May 5 2013
The seeds of discontent at already being sown. The future is being shaped demographically.
In Spain, a small town mayor masses $24 million. Perhaps she and Rita Crudwell of Dixon Illinois can co write a book on their experience. Such corruption is in the news but will be front and center stage as the Arab Spring discontent spreads world wide in the next two years.
Russia faces a lower than replacement rate of births, lousy health care, smoking and drinking on a large scale. Another article in the Weekend WSJ makes it clear it is really too late for Putin to do anything. Most Russian women do not give birth after age 30. As the population shrinks, the chances of improving the situation grow worse.
The situation is the same in Europe. This virutally assures larger economies in China and India.
The sleeping giant of China wakesn from its slumber. One of the stunning scenes in the Bond film Skyfall is a night time shot of Shanghai, truly an amazing transformation.
I think this is the first time I ever agreed with Froma Harrop on anything but her column on pot legalization in CO and WA is probably the front wave of things to come. She notes legalization means more money earned for the state and way less spent locking non violent people up. FDR realized he would make more from legal than illegal booze and so prohibition was repealed. Watch for more states to get on this bandwagon.