Whilst Americans are busy shopping at the mall (or too busy scrounging for work), the International Monetary Fund released a forecast that signalled the end of the American economic dominance.
According to the IMF, the Age of America will end in 2016:
In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.
Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.
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Who killed the hybrid car? It seems that 100 years before the Prius was mass produced Porsche sold what was the first hybrid gas electric car. The vehicle used a gas engine to run an electric generator which powered the motor, allowing a battery to run the car if it ran out of fuel. Built in 1900, none of the original cars exist so it was painstakingly recreated to be put on display at this year’s New York Auto Show.
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The children are learning factory work, it’s in a job bottling Coca-Cola, and when they’re working at a restaurant, that “restaurant” has golden arches. The dentist office is sponsored by Crest.
At the heart of the concept and the business of KidZania is corporate consumerism, re-staged for children whose parents pay for them to act the role of the mature consumer and employee. The rights to brand and help create activities at each franchise are sold off to real corporations.
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In his bestseller Outliers: The Story of Success, Malcolm Gladwell posited a theory that anyone can become great at anything as long as they put 10,000 hours honing the skill.
Well, Dan McLaughlin decided to put the 10,000 Hours Rule to the test by becoming a pro golfer:
Could he stop being one thing and start being another? Could he, an average man, 5 feet 9 and 155 pounds, become a pro golfer, just by trying? Dan’s not doing an experiment. He is the experiment.
The Dan Plan will take six hours a day, six days a week, for six years. He is keeping diligent records of his practice and progress. People who study expertise say no one has done quite what Dan is doing right now.
Dan spent last month in St. Petersburg because winters are winters in the Pacific Northwest. “If I could become a professional golfer,” he said one afternoon, “the world is literally open to any options for anybody.”
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