Idle Talk About BRICS and Demise of the Dollar

July 30, 2023 The Daily Friend read the article The BRICS (Brazil, Russia, India, China, South Africa) aspire to be a steering committee for emerging market economies. Despite China and India registering stunning success, the BRICS have a long road to travel. And the idle talk about displacing the dollar in trade and finance doesn’t help. Continue reading Idle Talk About BRICS and Demise of the Dollar

Americans: Anxious and Worried

In September the long-delayed Frank Gehry designed Dwight D. Eisenhower Memorial was dedicated in downtown Washington.   Understated and situated in a park-like setting across from the Air and Space Museum, a visitor strolls among  panels depicting Ike’s childhood, war service and presidency. The most compelling statue is of General Eisenhower addressing troops setting out from Britain for the D-Day landing.   Ike went on to become the … Continue reading Americans: Anxious and Worried

Shenzhen–Where China’s Economic Miracle Began

Shenzhen, 2019 In 1980 Shenzhen was an unimportant fishing village adjacent to Hong Kong’s new territories. Its population was 30,000.  Today Shenzhen on a per capita basis is China’s richest city. Its population is 13 million, having become the world’s fastest growing city ever. Shenzhen is a technology center–headquarters for Huawei and Tencent. It has the world’s 4th biggest container port and China’s 5th busiest airport.   During … Continue reading Shenzhen–Where China’s Economic Miracle Began