Yves here. The viewpoint expressed in this article will not go over well in some circles, since the BRICs have insisted that they have the same right to pollute as much as first world countries did in getting to their living standard. But the problem is the planet cannot remotely support everyone in emerging economies living at first world living standards, at least the way we produce them now. And that isn’t operative only the energy and greenhouse gasses fronts. We’ll all need to eat lower down on the food chain as well.
Trade ministers from the BRICS group of emerging world economies spoke Wednesday of the need to strengthen the bloc's internal trade as an antidote to problems in Europe.The ministers were meeting in New Delhi ahead of a summit Wednesday to be attended by the leaders of all five BRICS nations -- Brazil, Russia, India, China and South Africa.Although trade between them is booming, Indian Commerce Minister Anand Sharma said it was nowhere near the levels one might expect from a grouping that comprises 40 percent of humanity.
International vehicle sales have been increasing steadily in past two years with the recovery in global economic crisis and booming international economies, especially in the BRIC countries. Auto industry trends reveal that emerging markets such as Brazil, Russia, China and India markets will account for 90% of global auto sales growth as they are backed by their huge population growth rate and rising middle class income levels.
NEW YORK — Every week, a combined total of 28 new planes roll off the assembly lines at Airbus, Boeing, Bombardier and Embraer factories — the fastest production rate in the history of commercial aviation. Most of those aircraft feed the insatiable demand in Asia.
The rapid growth of Asian airlines is helping bolster economies and change lifestyles, but it’s also creating a daunting safety challenge as more passengers head into an increasingly crowded airspace.
By Shareholders Unite:We are bearish on the markets as growth is slowing and the euro-crisis looks like it could escalate out of control. So we look for markets that are still booming and stocks that can profit from that.One of the booming markets in the world right now is that of liquid natural gas (LNG), especially in Asia. A stock to profit from that is InterOil (IOC).
To coincide with a new United Nations report calling for an investigation into crimes against humanity in North Korean prison camps, Human Rights Watch has released a video featuring horrific tales from the gulags.
Are video games art?
At this point, it’s a debate which has raged for years. But most gamers would likely agree that yes, video games are indeed an artistic medium. Of course, just like other artistic mediums — music, film, etc. — there are those who place a greater value in the artistic value of independent games compared to big budget commercial games produced by multinational publishers.