Firat Ünlü

Why Krugman Is Wrong About the Yuan

Has it ever occured to some observers that maybe, just maybe the American trade deficit with China is, in some parts, due to Americans spending more than their income? After all excessive credit was used to buy products which were manufactured abroad.

Country by country the picture for America looks as follows:
(Imports above exports)

China ... US$323.1 billion
China ... $61 billion

Canada ... $312.5 billion
Canada ... US$213.1 billion

Mexico ... $210.2 billion
Mexico ... $119.4 billion

Japan ... $144.9 billion
Japan ... $58.1 billion

Germany ... $94.4 billion
Germany ... $44.3 billion

United Kingdom ... $56.9 billion
United Kingdom ... $45.4 billion

South Korea ... $45.4 billion
South Korea ... $33 billio

France ... $41.2 billion
France ... $25.8 billion

Whilst the case with China is indeed extreme it doesn't really look better when looking at other countries.
Is the whole world supposed to be undervalued?

Where Has Microsoft's Growth Gone?

Serves them right for not making Office 2007 documents compatible with Office 2003, causes lots of problems at uni and copyshops...

Chinese Youth Will Propel Economic and Political Changes

Depends, most graduates have little money to live on per month, it's not uncommon to be about 1000 RMB, add to that the lure of being alone for the first time in a big city with a peer group, competition for mates (chinese typically marry young) and you'll see why there's no room to save.