To a Chinese Scrap-Metal Hunter, America's Trash Is Treasure: Johnson Zeng is a Chinese trader who travels across the U.S. in search of scrap metal. By his estimate, there are at least 100 others like him driving from scrap yard to scrap yard, right now, in search of what Americans won’t or can’t be bothered to recycle. His favorite product: wires, cables, and other kinds of copper. His purchases, millions of pounds of metal worth millions of dollars, will eventually be shipped to China. [more inside]
Perhaps the most fruitful way to look at the debate between Morgenthau and Marshall that was carried on--largely below the surface, largely without explicit confrontation--at the end of WWII is that it was an attempt to figure out how to resolve call it two historical problems: the problem of European military culture, and the problem of modern industrial war. Economist Brad DeLong explains.
A Superpower in Decline: Is the American Dream Over? Der Spiegel's take.
A former magazine writer in his late fifties moves to San Diego and lives on very little money indeed. In the October 1977 issue of The Atlantic, he describes the stratagems behind his thriftiness. [more inside]
Retiring hedge fund manager Andrew Lahde: "All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America."
California = France? Norwegian bløgger Carl Størmer (via THE BIG PICTURE) made a U.S. map substituting the state names for other countries of equivalent GDP. Some of the substitutions are funny: Illinois = Mexico? Texas = Canada? New Jersey = Russia? Hawaii = Nigeria? Oregon = Israel? But your economic mileage will vary: apparently California no longer has the "sixth-largest economy in the world", no matter what The Governator says. Wikipedia chimes in, while some Californians don't want to be bothered with facts.