europe Archive

chinaCould a China-South Korea to Europe rail connection be used to buy off North Korea?

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Like China, South Korea has used and plans to use high-speed rail for economic development. South Korea and China both have plans to create high-speed rail and cargo links to Europe. The South Korea connection would require rail lines through …

chinaBeijing passing Portugal in per capita GDP in 2018

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China richest city is Beijing with a per capita GDP in 2017 of 20,356. China’s currency has strengthened by about 2% since the end of 2018. This puts Beijing at about the level of Portugal or Saudi Arabia with $20,575 …

europeEU $1.2 supercomputer project to several 10-100 PetaFLOP computers by 2020 and exaFLOP by 2022

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The European Union will spend one billion euros ($1.2 billion) to try to catch up to China, the U.S. and Japan in supercomputing. The goal of the project is for Europe to acquire two “world-class” supercomputers, capable of at least …

economic impactSubways and light rail cost two to seven times more to build in the USA than Europe or Japan

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Brian M. Rosenthal of the New York Times lists the causes of the $2.6 billion per mile New York subway construction. Excessive staffing, little competition, generous contracts and archaic rules dramatically inflate capital costs for transit in New York. At …

economic impactRussia military spending almost halved from 2015 peak and Russia near financial collapse

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On January 4, 2018, Russia’s finance ministry said it had fully spent its reserve fund, as planned, in late 2017 to cover budget shortfalls. The finance ministry said it converted foreign currency it had in its reserve fund into rubles …

europeEconomist mag is wrong – Russia-US war risks are dropping

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The Economist had a special report which asserts that the odds of a great power conflict – US and allies versus Russia or US versus China have increased. One of the main points is that Russia did take Crimea from …

europeEU proposes 1 billion euro investment in world class supercomputers over the next 3-5 years

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The European Commission contribution in EuroHPC will be around EUR 486 million under the current Multiannual Financial Framework, matched by a similar amount from Member States and associated countries. Overall, around EUR 1 billion of public funding would be invested …

europeGermany Supplying Norway and possibly Italy, Netherlands and Poland with more powerful submarines

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Six new German made model Type 212CDs Air Independent Propulsion (AIP) submarines (formerly the 212NG) are slated to deploy to northern Europe by the mid-2020: two more will be added to the German Navy, expanding its submarine fleet to eight …

europeTaiwan could teach the USA about the leap to single payer healthcare

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In 1995, Taiwan chose William Hsiao, a professor of economics at the Harvard T.H. Chan School of Public Health, to lead a task force to design a new healthcare system. Uwe Reinhardt, a longtime Princeton professor, also contributed significantly to …

canadaCanada gets mostly educated and ready to work immigrants while those are a tiny fraction of US immigrants

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Canada’s population growth relies heavily on immigration. Canada’s 1.2 per cent annually is highest of the mature OECD economies. Canada’s educated and ready to work immigrants as a ratio of total immigrants are five times higher than the USA rate …