Seven of the top ten debtor nations are included in the world’s top ten economies. Not surprising. This is largely a result of widespread availability of affordable credit, and relatively large middle classes in these countries, and consequently a large ratio of home/property owners. Most popular rhetoric on the topic would claim that wealthy countries have grown accustomed to being wealthy and they are enthralled by consumerism – it could be argued that this high level of debt could be a result of a culture that is used to and willing to buy now, and pay later…even if it means with interest.
Companies relying on fair use generate $4.7 trillion in revenue to the US economy every year. The report claims that fair use — an exception to the copyright law that allows limited use of copyrighted materials — is crucial to innovation. It adds that employment in fair use industries grew from 16.9 million in 2002 to 17.5 million in 2007 and one out of eight US workers is employed by a company benefiting from protections provided by fair use.
More than 10% of the buildings worldwide are approaching their end life. Structural elements in buildings are made of materials like concrete, steel and wood, which get weaker with time. Fatigue and other external elements might cause those structural elements to crack. So, it is important to protect these buildings by maintenance and repair.
I turn on the television just before dinner. Prime-time. An Israeli series: “The Pilots’ Wives” (“Meet the Women behind Our Heroes”, said the promo), interrupted occasionally by a commercial depicting a soldier missing his mother’s soup (“disclaimer: the actor is not a soldier”). After the series, a short public service broadcast showing a group of young men, each in turn boasting his military service, until they notice one of them – a violent zoom-in – keeps quiet; the message is clear. Then the news, with at least one public relations item pushed by the military: “teen-age girls eager to become fighters”, “a remote-control watch-and-shoot system on the Gaza fence”, “a unique glimpse into a top-secret air-force base” or the like. Not to mention the real news, be it about the Palestinian territories, Lebanon, Iran, or even the billions of terrorists disguised as miserable African refugees allegedly waiting on the Egyptian border to inundate Israel: all these issues, and many more, are predominantly managed and framed by the military.
Despite cheerleading and doctored statistics from within the Beltway, the US economy is in deep and deepening trouble; foreclosures continue to climb, commercial real estate and second mortgages are shaping up to be the next big shocks, and the rolling collapse of state and local government finances shows no sign of slowing down. The Goldman Sachs flacks who moved into power with the Obama administration promised to fix things; they have pretty clearly failed; and as the neoconservatives learned not long ago, intolerance for failure is very nearly the only thing on which the squabbling factions of the American political class can agree.
When you really need something, it’s natural to worry about running out of it. Peak oil has been a global preoccupation since the 1970s, and the warnings get louder with each passing year. Environmentalists emphasize the importance of placing limits on consumption of fossil fuels, but haven’t been successful in encouraging people to consume less energy—even with the force of law at their backs.
But maybe they’re going about it all wrong, looking for solutions in the wrong places. Economists Lucas Bretschger and Sjak Smulders argue that the decisive question isn’t to focus directly on preserving the resources we already have. Instead, they ask: “Is it realistic to predict that knowledge accumulation is so powerful as to outweigh the physical limits of physical capital services and the limited substitution possibilities for natural resources?” In other words, can increasing scientific knowledge and technological innovation overcome any limitations to economic growth posed by the depletion of non-renewable resources?
This is a Full 3D flight. This exact aircraft is the Israeli LAVI, which was later copied by the Chinese and called the JC-10. It has thrust vectoring. The R/C LAVI you see here is manufactured by JD Enterprises and the pilot modified the intake and added a red star to make it look like a J-10.