China’s Faux Pas
China just announced that they were putting a price halt (read control) on petroleum, water, and some food products. See: http://www.iht.com/articles/2008/01/09/business/yuan.php This is a serious error on their part, and it will hopefully be short lived. The benefits are: Temporary political stability. The downside: Consumption of these resources continues to rise, putting more pressure on the [...]