The Economist has an interesting article on defense spending by GDP. ON JUNE 8th China’s top military brass confirmed that the country’s first aircraft carrier, a refurbishment of an old Russian carrier, will be ready shortly. Only a handful of nations operate carriers, which are costly to build and maintain. Indeed, Britain has recently decommissioned [...]
Brazil
How green is ethanol?
The Economist has a good article on what impact that farmers now growing corn for ethanol has on the global economy and also the environment. Adding ethanol to the traditional markets for maize (food and fodder) inevitably pushes the price up. That encourages farmers, including those in poor countries, to boost production. If some of [...]
