Pull! Push! News, current events and observations concerning Life, Barbados and the World.

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Monday, June 30, 2008

Article: 'How tiny Jamaica develops so many champion sprinters'

A snippet from the article...

"By US standards, the training facilities are second class. Jamaica's top sprinters cram into UTECH's tiny gym to pump rusty weights, and they often practice on the school's basic grass track.

"We have to be creative, because we don't have the resources," says Davis, explaining that the lanes of the track are marked with diesel and burned because the school can't afford the machine that lays down chalk lines every week or so. "We had a choice: complain about the resources and do nothing or work with what we have.""

Source:

How tiny Jamaica develops so many champion sprinters (csmonitor.com)

Labels: Caribbean, Jamaica, life, sports

12:50 PM 0 Comments Links to this post

Monday, June 2, 2008

Article: 'Will Soaring Transport Costs Reverse Globalization?'

A snippet from the article...

"Globalization is reversible. Higher energy prices are impacting transport costs at an unprecedented rate. So much so, that the cost of moving goods, not the cost of tariffs, is the largest barrier to global trade today. In fact, in tariff-equivalent terms, the explosion in global transport costs has effectively offset all the trade liberalization efforts of the last three decades. Not only does this suggest a major slowdown in the growth of world trade, but also a fundamental realignment in trade patterns."

Sources:

Will Soaring Transport Costs Reverse Globalization? (CIBC World Markets)

Labels: business, China, economics, life, news, oil, U.S., World

2:53 PM 0 Comments Links to this post

Sunday, June 1, 2008

Article: 'The Coming Energy Wars'

Snippets from the article...

""Indeed, there's concern that as higher oil prices force many Asian economies to reduce or even cut their generous fuel subsidies, growth will slow sharply, and there could be social unrest as the world's poorest become more desperate. The political ramifications of this (which already include moves away from free trade), combined with the ever-rising costs of doing business as usual, could force a retrenchment from globalization. "It's a harbinger of the reversal of globalization," says Jeff Rubin, chief economist for CIBC World Markets. "At $200 a barrel, you'll see transport costs rise so much that they will effectively reverse the trade liberalization of the last 30 years." He predicts that world trade will realign itself regionally, so that while Japan may continue to ship in goods from China, the United States will increasingly import from Latin America. "If you look at the period from 1973 to 1979 [when oil spiked] you'll find the same thing happened," he notes. "The share of imports to the U.S. from Latin America and the Caribbean rose by 6 percentage points. That was all about freight costs.""

"This spring, America hit a historic point. With average gas prices per gallon edging toward $4, America's notoriously profligate ways started to change fast. Americans are driving less, using mass transit more, buying fewer gas guzzlers, indeed shopping less wantonly in general, and lowering their previously unshakable confidence as consumers. Suddenly, Americans are acting differently; if not exactly like Swedes, then not quite like themselves, either. It's a shift that could change the world.

And there are more changes to come. So far the price shock has triggered the most obvious consumer shifts in the United States. Europeans, already greener, are also are buffered by a stronger currency, and Asians are protected from the spiking price of oil by subsidies that control the impact on gas prices at the pump. But if oil prices continue to rise, and the subsidy dam breaks, as seems likely, the energy revolution now transforming America will spread. "We sailed through $80 a barrel," notes energy authority Daniel Yergin, author of "The Prize: The Epic Quest for Oil, Money and Power" and chairman of Cambridge Energy Research Associates. "But that doesn't mean we'll sail through $200 a barrel. That sort of price would have enormous global consequences.""

Sources:

The Coming Energy Wars (Newsweek.com)

Labels: China, India, life, money, oil, World

10:21 PM 0 Comments Links to this post

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: Name: Amit Uttamchandani; Location: Barbados

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