Free Republic

Let me be super real here, if China keeps developing under the current dollar dominated system and do nothing. It will probably plateau at Poland level of GDP per capita of around $15,000 nominal per capita. scary isn’t it? spoiler alert, China has already begun changing the system since 2012.It doesn’t matter how fast can a country make good quality desirable product. As long as your country’s currency reserve is pegged to your US dollar reserve, then you cannot surpass the US economy in size. This is a hard ceiling no country can break when you live under the yoke...

The Chinese Real Estate Developer Debacles continues to spread from Evergrande to other developers as China’s Central Bank cuts rates due to Omicron spread. First, China’s Central Bank cut their 1 year medium-term lending rate to 2.85% from 2.95%. And the growing malaise in China’s real estate development continues. Fresh turmoil rocked Chinese property bonds on Monday on concern over the true scale of the industry’s hidden debts, deepening a selloff among higher-rated firms. A Logan Group Co. note due 2023 sank 14.1 cents to a record low 62.9 cents after Debtwire reported the developer could be on the hook...

We know that most of that wealth was made after the year 1800. And we know that most of it is currently owned by people we might call Westerners: Europeans, North Americans, Australasians. 19 percent of the world's population today, Westerners own two-thirds of its wealth. Economic historians call this "The Great Divergence." And this slide here is the best simplification of the Great Divergence story I can offer you. It's basically two ratios of per capita GDP, per capita gross domestic product, so average income. One, the red line, is the ratio of British to Indian per capita income....

As contractors widen Interstate 66 in Northern Virginia, they produce tons of excess dirt. So do excavators digging basements for homes or leveling land for commercial projects or schools. Some of that dirt – no one knows how much – ends up on Fauquier County properties. Some county officials think it is way too much. “Fauquier County is becoming, if not has already become, the dumping ground for Northern Virginia's fill dirt. And it's obviously a huge problem. And it's affecting people's lives,” county supervisor Rick Gerhardt (Cedar Run District) said at April’s Board of Supervisors meeting, as residents complained...

The Utah Department of Transportation (UDOT) recently released a list of some of the agency's most impactful road and bridge construction projects to drivers for 2021. UDOT will be working on 185 projects across the state in 2021, with a value of $3.45 billion over the life of the projects, many of which span multiple years. Planned improvements range from repaving rural highways and building freeway-style interchanges to widening and repaving interstates and demolishing and rebuilding bridges. The traffic delays from these projects range from overnight lane restrictions to full road closures with major detours. “These projects are an essential...

United Nations follows Pope Francis's lead in declaring international dayWith unanimous vote in the General Assembly, February 4 becomes the International Day of Human Fraternity.The United Nations General Assembly voted unanimously to designate February 4 — the anniversary of the signing of the “Document for Human Fraternity” by Pope Francis and Grand Imam Ahmad Al-Tayyeb — as the “International Day of Human Fraternity.”The General Assembly voted Tuesday and invited Member States and the United Nations system to include this celebration in their calendar beginning in 2021.Supported by Egypt, Saudi Arabia, the United Arab Emirates, Equatorial Guinea, Morocco, Burkina Faso and...

Houston is a faraway place on FM 1413 in southern Liberty County, where a driver is more likely to see a pony munching on grass than a shop on the corner. If not for the trees and an electrical transmission line, the sky would be unbroken, horizon to horizon. It soon could look a lot more like other parts of suburban Houston where the Grand Parkway has gone, with cul-de-sacs replacing horse pastures and retail centers sprouting at major intersections.

Leaders who spoke during a Friday morning ribbon-cutting ceremony to open a new Interstate 15 interchange touted the $31 million project as a prime example of what can be accomplished when entities cooperate. The Northgate interchange opened to the public a few hours after the ceremony concluded, with Pocatello Mayor Brian Blad, Chubbuck Mayor Kevin England and members of the Bannock County Commission all driving their cars across the bridge as the official first users. The interchange is located north of both the Pocatello Creek Road exit and I-15’s “flying Y” with Interstate 86. The interchange was first added to...

My address to the Colorado Independent Cattlemen’s Association I’m not a cattleman and I’m not going to pretend I know everything you are facing. But I do know that the major weapon being used against your industry is the misnamed control devise called Sustainable Development. I know why and I know who the players are. I hope I can leave you today with some ideas on how to fight them. To begin, let’s set the terms and make one thing very clear. The use of the word sustainable may sound like a comfortable term, not threatening. After all, you, your...

Interstate 10 is now three lanes both ways between Tucson and Casa Grande, but your commute probably won’t get faster. The Arizona Department of Transportation projects I-10 could be bumper-to-bumper all the way to Casa Grande during rush hour by 2035. The route currently carries around 60,000 vehicles daily, and that could quadruple depending on the region’s growth, according to an ADOT spokesperson. John Moffatt, director of economic development for Pima County, said those backups won’t just be bad for commuters. He said they will hurt trade with Mexico. “Trucks are like water. They find the path of least resistance...

Republican Mark Finchem and Democrat Tom O’Halleran agree on at least one thing regarding Interstate 11. Both expect to be deceased before the proposed roadway becomes a reality. Finchem, a District 11 state representative spoke to Hidden Valley residents last week in a gathering attended by Blanca Varela, a representative from Congressman O’Halleran’s office, at Mountain View Community Church. The proposed interstate is a long-range goal of Arizona Department of Transportation and is expected to pass through Hidden Valley south of Maricopa. While Finchem has been outspoken against I-11, O’Halleran has remained neutral. Varela said the congressman had expressed to...

A high-speed transit system through the mountain corridor could serve as a major economic boon to communities on the Western Slope, according to a new study recently published by Development Research Partners. A high-speed transit system — likely in the form of a train that would carry passengers and light freight between Denver International Airport and Eagle County Regional Airport — was listed in the 2011 Record of Decision issued by the Colorado Department of Transportation and the Federal Highways Administration as a potential long-term solution to dealing with congestion on Interstate 70. Late last year, stakeholders — including the...

A subsea tunnel across the Strait of Belle Isle is back in conversation once again after a report was tabled this month in Ottawa. The federal government’s standing committee on transport, infrastructure, and communities is now calling on the federal government to work with the provinces of Newfoundland and Labrador and Quebec, as well, as the private sector, to build a fixed link across the Strait of Belle Isle and complete Route 138 along the Quebec Lower North Shore. The tunnel would link Point Amour in Labrador to Yankee Point on the Great Northern Peninsula in Newfoundland. The project would...

Despite pleas from two former state governors and at least 90 environmental and community groups and businesses, Gov. Ron DeDantis on Friday signed a multibillion-dollar plan to build long stretches of toll roads across undeveloped sections of the state. The legislation has been labeled “the worst environmental bill in twenty years.” And the Florida Sierra Club has warned of pristine areas becoming urban sprawl, where “subdivisions and strip malls will proliferate and the natural resources that bring visitors to the state will be overused and overrun.” DeSantis approved the bill anyway. The announcement came not from the governor’s press office...

Interesting movie which has had little publicity. Gibson and director pulled support. See below. Development of the Oxford Dictionary

The D.C. region could be suffocated by even more traffic if major improvements to the region’s bus system do not come soon, a draft report obtained by WTOP finds. Even so, making those changes in a way that avoids negative impacts could be extremely challenging. The Washington Area Bus Transformation Project draft strategy’s executive summary, labeled “not for circulation,” paints a dire picture of what happens if bus-only lanes, totally revamped bus routes and other changes are not implemented: “Without transforming the bus system, the region’s competitiveness and livability are at risk.” The report groups more than two dozen recommendations...

After roaming around and studying downtown for a week, the Urban Land Institute’s advisory services panel provided Atlanta leaders with recommendations on how to move forward with the colossal proposed “Stitch” project. On Friday, ULI, which conducts land use research for cities around the globe, suggested the time is now to partner with local elected officials and philanthropic organizations to get the ball rolling on fundraising efforts for the potentially 14-acre project that would install a massive park and new construction above the Downtown Connector. But in order to be competitive for public and private funding—panelists expect the highway-capping project...

OLYMPIA — A plan for raising billions of dollars to build new bridges, widen old highways and open up fish passages will get its first public review this week. And, depending on the response, it could be its last. Sen. Steve Hobbs, D-Lake Stevens, has drawn up a 10-year, $16.3 billion package of transportation improvements financed largely with a 6-cent hike in the gas tax and new fees on carbon emissions and development. Hobbs, who is chairman of the Senate Transportation Committee, calculates that much money is needed to cover the cost of removing state-owned culverts to improve fish passages,...

The Utah Transportation Commission on Friday approved spending an extra $38 million to cover rising costs for two major upcoming highway projects — on Interstate 15 and Bangerter Highway in Salt Lake County. The increased expenses are caused in part by rising prices to buy and demolish homes and businesses to clear new rights of way. That includes an extra $23 million for a project to convert three more intersections on Bangerter Highway into freeway-like interchanges at 6200 South, 10400 South and 12600 South. Construction on those projects is scheduled to begin in 2020, but purchasing the needed rights of...

SYRACUSE, N.Y. -- If a "community grid" is chosen to replace Interstate 81 in downtown Syracuse, what will happen to the land that's now under the aging viaduct's shadow? Whether it will be turned into green space or developed commercially is still an open question, according to city and state officials. A group of local architects is hoping to force the issue. The local chapter of the American Institute of Architects estimated in a recent paper that 18.6 acres of land will be made available if the 1.4-mile elevated highway is taken down. Taking the viaduct down and beefing up...