pete_dushenski: "Africa looks more like India. In South Africa, manufacturing was 15% of output in 1962 and peaked at 25%—in 1981. By 2011, the share was closer to 18%. Factory activity in fast-modernizing Ethiopia hasn’t managed to grow beyond 6% of the economy. In Tanzania, it peaked at 13% in 1976 and dropped since to around 10%."

pete_dushenski: ncomfortable truths lest they offend their dear sweet old mothers, indians are no better than africans and both are markedly lesser peoples than europeans and chinese.

pete_dushenski: "Harvard economist Dani Rodrik, who began compiling data on manufacturing world-wide a few years ago, says he is seeing growing evidence of what he calls “premature deindustrialization”—the idling or shrinking of manufacturing sectors as a share of the economy in poor countries like India that never industrialized very much in the first place." << in other not-nyooz where idjits with 'pc' blinders don't want to

pete_dushenski: "The team trades securities to keep rates in line with Fed policy decisions. At 12:45 p.m., a window pops open on a system called FedTrade and plays a sequence of musical notes—F-E-D—to open trading, traders said. A clock counts down the remaining time, turning from green to yellow in the final three minutes and then to red as the last 30 seconds tick off. The music plays again when the operations’ results are

pete_dushenski: "Engineers are more likely to become terrorists because of mindset and lack of opportunity" and "engineers combine these political predilections with a marked preference towards finding clearcut answers."