Chinese customers, who still mainly buy luxury items on overseas trips, buy more than a third of luxury sector sale. They and other Crazy Rich Asians have helped boost the shares of LVMH. Chinese consumers purchased $121 billion worth of luxury goods in 2018 which was 32 percent of the worldwide total. This share is …
For the next decade or two it will be far easier, cheaper and more effective to use gene sequencing to select the most intelligent embyro for test tube babies. Embryos are already having their genes sequenced to select against genetic diseases. It will be an easy step to gene sequence for intelligence and select on …
Tesla’s Shanghai Gigafactory 3 will produce electric cars for India and other Asian countries along with China. Tesla maybe able to saturate China and enter other markets such as India with electric vehicles that are immediately competitive in price. Reports indicate Tesla will target 3000 cars per week initially at GF3 and then scale to …
World’s military arsenals are expected to double in size by 2030, compared to 2016. By 2030, the countries with top defense spending are expected to be: USA with over 1 trillion (had $611 billion in 2016), China with $736 billion (had 215 billion in 2016), and India with $213 billion (had 56 billion in 2016) …
Bill Gates and the World in Data indicate the extreme poverty below $1.90 PPP per day has massively decreased from 1820 to today. This is one of my favorite infographics. A lot of people underestimate just how much life has improved over the last two centuries: https://t.co/djavT7MaW9 pic.twitter.com/kuII7j4AuW — Bill Gates (@BillGates) January 19, 2019 …
Today people see the economic success of China and Asia and see the terrible poverty but many do not know that Africa was ahead of Asia for over a century in terms of per person wealth. Asia was at its worst in the early half of the 20th century with many wars and communist leadership …
Standard Chartered forecasts the top 10 countries in the world by purchasing power parity GDP in 2030. 1. China: $64.2 trillion 2. India: $46.3 trillion 3. US: $31 trillion 4. Indonesia: $10.1 trillion 5. Turkey: $9.1 trillion 6. Brazil: $8.6 trillion 7. Egypt: $8.2 trillion 8. Russia: $7.9 trillion 9. Japan: $7.2 trillion 10. Germany: …
In a New Year’s Day speech, North Korean leader Kim Jong-Un made an offer toward denuclearization. Kim indicated that North Korea wants a deal and is interested in another summit. Kim would put nuclear production capability as part of negotiations. A path to the goal of complete denuclearization could be created. North Korea could be …
There has been various speculation about China having five aircraft carrier by 2025 and up to ten aircraft carriers by 2049. Only two of China’s five aircraft carriers would be anywhere close to the capabilities of the US supercarriers. The first three will have far fewer aircraft and would be closer to the mini-carriers that …
David Attenborough made a lot of nature documentaries and is interviewed by the BBC as some kind of climate expert. In an interview with the BBC, Attenborough and the UK’s Chief Scientist (probably UK Chief Science Advisor Mark Walport) celebrated the Paris Accords in 2015. The UK Chief Scientist was “walking on air” when they …
There were some emails about my article about being able to feed 40 billion people with today’s agricultural productivity. Food, energy, water, and ecosystems are connected. The complexity of those systems is secondary. Why do people have large families? What is happening within countries that go from poor and breeding to wealthy and stabilized? Very …