Tuesday, July 11, 2006

America: Number One




2006 2016 2026 2036 2046 2056
Nepal $ 1200 $ 2400 $ 4800 $ 9600 $ 19,200 $ 38,400
India $ 3000 $ 6000 $ 12,000 $ 24,000 $ 48,000 $ 96,000
China $ 6000 $ 12,000 $ 24,000 $ 48,000 $ 96,000 $ 192,000
America $ 40,000
$ 80,000
$ 160,000


If Nepal, India and China were to grow 10% a year all the way to 2056, and America were to grow at 5%, America will still remain the number one country in terms of per capita income. These figures assume income doubles every 10 years at 10%, whereas it doubles every 20 years at 5%. It is a simplistic assumption. And those growth rates are nowhere near certain.

This leads me to believe America will continue to be the number one country for my work life. But then the GDP figures come in, and there India and China become 800 pound gorillas pretty soon, if they are not already. And then there is always the issue of the ethnics doing well in America. The Indian Americans are already the most successful ethnic group in America in that an average Indian family makes twice as much as an average white family. I first learned that in 1999.

The reason I am bringing up these numbers is so as to counter alarmist right wing thinking in America when it comes to robust Asian growth. We do want economies to grow and trade with each other across the board.

And robust growth does not have to be at the expense of the environment. There will be much production and consumption of mind food. Much of the future growth will be because we are in the information age. Vehicles can become clean. Fossil fuels do not have to be the mainstay.

Basically you are talking political, economic and social infrastructure. Introducing democracy where it does not exist, deepening it where it does exist, creating the right policy framework, law enforcement and property rights, and creating harmony for ethnic, religious, racial and gender diversity is the progressive homework. There is room for everybody. Poor countries growing is more kids getting vaccinated, more kids going to schools, more kids eating proper lunches.

And it really is not about ego, although I at times do get carried away by the Asian Century talk. It is about growth as it positively impacts the individual. Individuals in the Global South, individuals in the inner cities.

Prosperity is kind of like the internet. The more computers that get connected to the internet, the more valuable the internet becomes. Similarly when more individuals and countries prosper, the already prosperous become even more well off.

And so root for China and India.

On The Web

CIA World Factbook: China
China Today
China - Wikipedia, the free encyclopedia
China the Beautiful - Chinese Art and Literature
BBC NEWS | World | Asia-Pacific | Country profiles | Country ...
China - A Country Study
China Daily
China News Digest
Wikipedia - India
CIA World Factbook: India
India Tourist Office
India Image
Yahoo! India
The Times of India
Lonely Planet - World Guide: India
Maps of India
Incredible India
Government of India

In The News

China's Booming Car Market Defies Pundits BusinessWeek
GM Sets New First Half Marks for Sales and Market Share in China Auto Spectator
China Said to Begin Commercial Oil Imports
MSN Money
Kazakhstan-China oil pipeline opens to commercial operation People's Daily Online
China macro-controls having little effect, interest rate hikes ...
Forbes
China June trade surplus at record 14.5 bln usd - UPDATE Forbes
China trade data stronger than expected, import growth slows ... Forbes
China H1 exports 3 mln tons of crude oil, down 17 pct yr-on-yr Forbes
China's economy may expand up to 10.4%
People's Daily Online, China
Economy may expand up to 10.4 Xinhua
China beats Australia
Daily Telegraph, Australia


Mumbai Train Blasts


Seven bombs hit Bombay's commuter rail network during rush hour .... killing 131 people and wounding more than 300 in what authorities called a well-coordinated terrorist attack..... bombings, which came in quick succession — a common tactic employed by Kashmiri militants....... Chaos engulfed the crowded rail network in India's financial capital following the blasts that ripped apart train compartments ...... authorities struggled to treat the wounded amid heavy monsoon downpours. Doors and windows were blown off the train cars, and witnesses said body parts were strewn near stations....... Luggage and debris were spattered with blood. Survivors clutched bandages to their heads and faces, and some frantically dialed their cell phones....... bystanders carrying victims to ambulances and searching wreckage for survivors and bodies.... Bombay bombings came hours after a series of grenade attacks by Islamic extremists killed eight people in the main city of India's part of Kashmir ....... Police also reportedly carried out raids across the country following the Bombay blasts....... authorities had had some information that an attack was coming, "but place and time was not known." ...... all the blasts had hit first-class cars..... all train service had been suspended and appealed to the public to stay away from stations in the city of 16 million people ........ Pakistani President Gen. Pervez Musharraf offered condolences over the loss of life, the Foreign Ministry said, adding: "Terrorism is a bane of our times and it must be condemned, rejected and countered effectively and comprehensively." ...... Accusations of Pakistani involvement in a 2001 attack on India's parliament put the nuclear-armed rivals on the brink of a fourth war

In The News

More than 100 dead in Mumbai blasts
Scotsman, United Kingdom - 50 minutes ago
MORE than 100 people have died after seven explosions rocked Mumbai's rail network during the evening rush hour. According to the ...
Blasts kill scores on Bombay trains: report
MarketWatch - 59 minutes ago
By MarketWatch. NEW YORK (MarketWatch) -- A series of explosions tore through cars of a commuter railroad in Bombay Tuesday evening ...
100 killed as explosions rock Mumbai's suburban trains
Hindu, India - 52 minutes ago
Mumbai, July 11 (AP): Seven explosions rocked Bombay's commuter rail network during Tuesday evening rush hour, killing as many as 100 people, police said. ...
Mumbai blasts kill at least 100
Swissinfo, Switzerland - 35 minutes ago
MUMBAI (Reuters) - More than 100 people were killed and hundreds injured in seven explosions on packed commuter trains and stations during rush hour on Tuesday ...
7 Train Bombings in India Kill Up to 100
Houston Chronicle, United States - 1 hour ago
By RAMOLA TALWAR BADAM Associated Press Writer. BOMBAY, India — Seven bombs hit Bombay's commuter rail network during rush hour ...
Up to 100 feared killed in Bombay blasts
Independent Online, South Africa - 58 minutes ago
By Ramola Talwar Badam. Bombay - Seven explosions rocked Bombay's commuter rail network during Tuesday evening rush hour, ripping ...
At Least 20 Dead in Bombay Train Blasts
Houston Chronicle, United States - 1 hour ago
By RAMOLA TALWAR BADAM Associated Press Writer. BOMBAY, India — Seven explosions hit Bombay's commuter rail network during rush ...
Dozens killed in Mumbai blasts
Toronto Star, Canada - 1 hour ago
MUMBAI, India — Seven explosions rocked Bombay’s commuter rail network during Tuesday evening rush hour, ripping apart train compartments, a railway ...
Explosions strike Bombay trains: reports
MarketWatch - 1 hour ago
By MarketWatch. NEW YORK (MarketWatch) - Explosions have struck trains in Mumbai during the evening rush hour Tuesday, according to media reports. ...
Bombay Train Blasts Described As Bombings
MSN Money - 1 hour ago
BOMBAY, India (AP) - Seven explosions rocked Bombay's commuter rail network during Tuesday evening rush hour, killing as many as 100 people, police said. ...
At Least 20 Dead in Bombay Train Blasts
Forbes - 1 hour ago
By RAMOLA TALWAR BADAM , 07.11.2006, 10:34 AM. Seven explosions rocked Bombay's commuter rail network during Tuesday evening rush ...
100 feared dead after train explosions
Ireland Online, Ireland - 1 hour ago
Seven explosions rocked Mumbai’s commuter rail network during today’s evening rush hour, killing at least 80 people, police said, warning the death toll ...
Indian rail blasts kill at least 40
Channel 4 News, UK - 1 hour ago
At least 40 people have been killed in a series of blasts on commuter trains in the Indian city of Mumbai. Police confirmed seven ...
Blasts rock Mumbai rail network
BBC News, UK - 2 hours ago
There have been at least six blasts on commuter trains in the Indian financial capital, Mumbai (Bombay), police say. It is not yet ...
At Least 20 Dead in Bombay Train Blasts
San Francisco Chronicle, USA - 1 hour ago
By RAMOLA TALWAR BADAM, Associated Press Writer. Seven explosions hit Bombay's commuter rail network during rush hour Tuesday evening ...
Dozens Reported Killed in India Bombings
Forbes - 2 hours ago
Seven explosions hit Bombay's commuter rail network Tuesday evening during rush hour, ripping apart train compartments, officials said. ...
Seven blasts hit commuter trains in Bombay, dozens reported dead
EiTB, Spain - 2 hours ago
All of India's major cities were reportedly on high alert following the attacks. Bombay, a metropolis of about 17 million, has been ...
Dozens hurt as blasts hit Bombay trains
San Jose Mercury News, USA - 2 hours ago
BOMBAY, India - Seven explosions hit Bombay's commuter rail network during rush hour Tuesday evening, ripping apart train compartments and reportedly injuring ...
Explosions rock Bombay
Times Online, UK - 2 hours ago
By Times Online and agencies. At least six explosions rocked commuter trains and stations in the suburbs of the Indian financial ...
Explosions Hit Train Stations in India
Salon - 2 hours ago
By RAMOLA TALWAR BADAM Associated Press Writer. July 11,2006 | BOMBAY, India -- An explosion struck a packed commuter train in a ...
Terrorists bomb Bombay railway
Bangkok Post, Thailand - 2 hours ago
New Delhi (dpa) - At least seven people were killed and many others injured as a series of seven bombs exploded on the rail network of India's western Bombay ...
7 Explosions Hit Trains in Bombay, India
Forbes - 2 hours ago
By RAMOLA TALWAR BADAM , 07.11.2006, 10:09 AM. Seven explosions rocked Bombay's commuter rail network during Tuesday evening's rush hour. ...
Blasts hit commuter trains in Bombay, at least 15 reported dead
EiTB, Spain - 2 hours ago
Bombay, India's financial center, and New Delhi, the capital, were reportedly on high alert. Bombay, a metropolis of about 17 million ...
Explosions rock packed Mumbai commuter trains
CTV.ca, Canada - 2 hours ago
Dozens are feared injured after at least five explosions struck Mumbai's commuter rail network during evening rush hour on Tuesday. ...
6 explosions reported on trains in Mumbai, India; dozens reported ...
Canada.com, Canada - 2 hours ago
MUMBAI, India (AP) - Six explosions rocked Mumbai's commuter rail network during Tuesday's evening rush hour, ripping apart train compartments and reportedly ...
Series of bombs hit Bombay's rail network
Telegraph.co.uk, United Kingdom - 2 hours ago
At least three explosions have hit Bombay's commuter rail network during the evening rush hour, reportedly injuring dozens of people. ...
Explosion Hits Train in Bombay Suburb
Washington Post, United States - 3 hours ago
By RAMOLA TALWAR BADAM. Nora Boustany 's column reporting on Washington's diplomatic community appears each Wednesday and Friday in The Post. ...
Explosions Hit Train Stations in India
Guardian Unlimited, UK - 2 hours ago
By RAMOLA TALWAR BADAM. BOMBAY, India (AP) - An explosion struck a packed commuter train in a Bombay suburb during the Tuesday evening ...
6 explosions hit trains in Bombay, India
Boston Globe, United States - 2 hours ago
By Ramola Talwar Badam, Associated Press Writer | July 11, 2006. BOMBAY, India --Six explosions hit Bombay's commuter rail network ...
Blast rocks commuter train in Bombay suburb
Jerusalem Post, Israel - 2 hours ago
An explosion rocked a packed commuter train in a Bombay suburb during Tuesday's evening rush hour, and police said there were casualties. ...

Mumbai blasts: Terror on the 5:36 Slow
Business Standard, India - 34 minutes ago
Karanukar Hegde is thanking his lucky stars he chose the other of the two first class compartments on the 5.36 pm slow train from Churchgate. ...
Over 100 killed in Mumbai serial blasts
Times of India, India - 1 hour ago
MUMBAI: Mumbai relived a nightmare when seven explosions shook the city within minutes on Tuesday evening. Reports said more than ...
100 killed as explosions rock Mumbai's suburban trains
Hindu, India - 52 minutes ago
Mumbai, July 11 (AP): Seven explosions rocked Bombay's commuter rail network during Tuesday evening rush hour, killing as many as 100 people, police said. ...
Bombs hit trains in Mumbai, at least 135 dead
Reuters - 41 minutes ago
MUMBAI (Reuters) - At least 135 people were killed and hundreds injured in seven bomb explosions on packed commuter trains and stations during rush hour on ...
Mumbai Blasts Kill at Least 137 People, Injure 450 (Update1)
Bloomberg - 54 minutes ago
July 11 (Bloomberg) -- Mumbai, India's commercial hub, was hit by seven blasts, killing as many as 137 people and injuring 450 in the city's worst terror ...
Mumbai blasts: Commissioner appeals for calm
Business Standard, India - 1 hour ago
Mumbai's Police Commissioner AN Roy appealed to the citizens to stay calm while the police tried to bring order in the city, particularly along the north-south ...
Serial blasts in India kill over 100
The Age, Australia - 1 hour ago
A video grab shows the damage done to a train close to Mahim Station in Mumbai. More than 100 people were killed today in seven ...
100 dead in Indian train explosions
Guardian Unlimited, UK - 54 minutes ago
Seven explosions have rocked Mumbai's commuter rail network during the evening rush hour, killing up to 100 people, police said. ...
At least 40 dead in Mumbai city blasts: official
Boston Globe, United States - 1 hour ago
A video grab shows Mahim Station in Mumbai after a blast, July 11, 2006. (REUTERS/Times Now TV). MUMBAI (Reuters) - At least 40 people ...
Blasts kill 60 on Mumbai rail network
Monsters and Critics.com, UK - 54 minutes ago
New Delhi - At least 60 people were killed and 50 injured as a series of seven bombs exploded on the rail network in India's financial capital Mumbai on Tuesday ...
Chaos prevails on Western Railway line
NDTV.com, India - 1 hour ago
An atmosphere of chaos and confusion prevailed on the Western Railway lines as thousands of commuters were left bewildered by the serial blasts in Mumbai. ...
Serial blasts in India kill 40
The Age, Australia - 1 hour ago
At least 40 people died in blasts on the rail network in the Indian city of Mumbai yesterday, a top state official said. "At least 40 people have died. ...
Mumbai Serial Train Blasts Kill at Least 75 People, Injures 450
Bloomberg - 1 hour ago
July 11 (Bloomberg) -- At least 75 people were killed and 450 injured in Mumbai after the suburban rail network in India's commercial hub was attacked in a ...
At least 100 die as India rocked by blasts
Sydney Morning Herald, Australia - 1 hour ago
MUMBAI: More than 100 people were killed on Tuesday in seven bomb explosions that closed the railway network in India's financial hub, Mumbai, police said. ...
60 feared killed in Mumbai blasts
NDTV.com, India - 1 hour ago
At least 60 people are feared killed in the series of blasts that rocked Mumbai today. Seven blasts have taken place on different railway stations in the city. ...
100 feared dead after train explosions
Ireland Online, Ireland - 1 hour ago
Seven explosions rocked Mumbai’s commuter rail network during today’s evening rush hour, killing at least 80 people, police said, warning the death toll ...
At least 40 dead in Mumbai blasts
Reuters.uk, UK - 1 hour ago
MUMBAI (Reuters) - At least 40 people died in blasts on the rail network in the Indian city of Mumbai on Tuesday, a top state official said. ...
Mumbai Train Explosions, 15 Reported Dead
Zaman Online, Turkey - 1 hour ago
At least four packed commuter trains were rocked by explosions during the rush hour Tuesday in India's financial city, Mumbai, officials said. ...
Mumbai blasts:Six trains hit, 15 likely killed
Business Standard, India - 1 hour ago
Commuters with bloodied faces and clothes staggered out of railway stations after six powerful bomb blasts ripped through as many north-bound suburban trains ...
Serial blasts rock Mumbai
Moneycontrol.com, India - 1 hour ago
Mumbai has been rocked by serial bomb blasts. All the blasts have taken place on the western lines. The scale of the causality is still unknown. ...
Blasts hit trains in Mumbai, 15 reported dead
Reuters - 2 hours ago
MUMBAI, July 11 (Reuters) - Explosions hit at least five packed commuter trains during the rush hour on Tuesday in India's financial hub, Mumbai injuring ...
Tuesday terror: Six blasts rock Mumbai railway stations
Times of India, India - 2 hours ago
MUMBAI: Mumbai relived a nightmare when six explosions shook the city in quick succession on Tuesday evening. Early reports said ...
At least 40 dead in Mumbai city blasts: official
Washington Post, United States - 1 hour ago
Nora Boustany 's column reporting on Washington's diplomatic community appears each Wednesday and Friday in The Post. MUMBAI (Reuters ...
Mumbai train blasts 'kill dozens'
Guardian Unlimited, UK - 1 hour ago
Dozens of people are reported to have been killed when a series of explosions hit packed commuter trains in Mumbai, India's financial centre, today. ...
India's Commercial Hub Mumbai Rocked by 5 Explosions (Update2)
Bloomberg - 2 hours ago
July 11 (Bloomberg) -- India's commercial hub Mumbai was rocked by at least five explosions on the city's suburban train network during the evening rush hour ...
Centre keeping close watch
Hindustan Times, India - 1 hour ago
The Centre is in constant touch with Maharashtra government in the wake of the serial blasts in suburban trains in Mumbai on Tuesday and is closely monitoring ...
Blasts hit Indian rail network
ITV.com, UK - 2 hours ago
At least 15 people have been killed in a series of blasts on commuter trains in the Indian city of Mumbai. Police confirmed at least ...
Blasts rock many Mumbai suburban Rly. stations
Hindu, India - 2 hours ago
Mumbai, July. 11 (PTI): A series of blasts took place at Matunga, Khar, Santacruz, Jogeshwari, Borivali and Bhayendar suburban railway stations today. ...
Blasts rock Mumbai rail network
BBC News, UK - 2 hours ago
There have been at least six blasts on commuter trains in the Indian financial capital, Mumbai (Bombay), police say. It is not yet ...
Serial blasts rock Mumbai
NDTV.com, India - 2 hours ago
The first blast has been reported near Khar Railway station in Mumbai, which has left several people injured. The incident took ...