Posts Tagged ‘China’

What I Learned Last Week

US FTAs

US FTAs (Photo credit: Wikipedia)

Tsunamis can occur in lakes.

Within 12 -24 months of retiring, 75% of NFL players will be alcohol or drug addicted; divorced; or bankrupt.

The Federal government takes in about $2 trillion a year, spends $3 trillion and is $16 trillion in debt.

The U.S. has 6 major shipyards. China has over 100.

The Pilgrims originally proposed settling in Manhattan, but were denied permission by the Dutch.

More people die world-wide from chronic hunger than malaria, tuberculosis, and AIDs combined.

The US government mandates that we convert 40% of our corn into ethanol.

Since 9/11, more Americans were crushed by falling furniture or televisions than were killed in terrorist attacks.

In the last 6 years, Canada has negotiated 6 free trade agreements. Canada 6, USA 0.

What I Learned Last Week

Cuba landscape

Cuba landscape (Photo credit: RHTRAVELER)

China’s labor costs are now as high as Mexico’s.

U.S. birth rates are the lowest in history and still declining.

The U.S. is ranked 42nd among nations in life expectancy. But if you factor out murders and auto accidents, we are ranked #1!

Japan is about to replace China as the U.S.’s largest creditor.

Marines still use bayonets.

The government did not save GM or Chrysler from bankruptcy – both went bankrupt, but with a rare 363(b) bankruptcy rather than a standard bankruptcy.

It wasn’t until 1971 that medical researchers began to understand how aspirin works.

40% of the EU budget is spent on the common agricultural policy.

The average income in Cuba is $20/month.

Military Might

I don’t know Nico Perrino but he has written a excellent article detailing the dilemma we face regarding the military and our foreign policy. I’ve extracted some bits below:

NATO was the ultimate entangling alliance

[We have]…over 600 military bases in 40 countries across the world.

Without China lending us money, our current foreign policy could not exist.

the United States is currently $15.2 billion in debt. That is about $48,000 of debt for every man, woman, and child living with United States citizenship regardless of age.

All great empires end for two reasons, overexpansion and economic collapse (usually intertwined). Very rarely does an empire end for external reasons, and why should we judge America to be an exception?

All food for thought.

Luxembourgian-registered NATO E-3 AWACS flying...

Image via Wikipedia