You are hereeconomy

economy


The Silk Railroad: world longest rail link Yiwu-Madrid railway spans 8,000 miles, crosses 8 countries

(quote)

The world's longest train route spans more than 8,000 miles, crosses through eight countries, and is long enough to stretch from Florida to Washington state 3 times.

The China-Europe Block Train begins in the city of Yiwu in China's east and crosses through Kazakhstan, Russia, Belarus, Poland, Germany, and France before reaching its destination 21 days later in the Spanish capital of Madrid.

Also called Yixinou, the route surpasses the world's second- and third-longest routes, the Trans-Siberian railway (5,772 miles) and the Moscow-to-Beijing (4,340 miles) train.

The Silk Railroad - Episode I: World's longest rail link, from Yiwu to Madrid
An international freight railway network is connecting China to cities across Europe, dubbed the new "Silk Railroad." Two thousand years ago, commodities from China would need a year to reach Europe, along the ancient Silk Road. But today, Chinese consumer goods can reach London by rail in just 14 days.

Yiwu railway station - a massive freight terminus, began transporting cargoes overland to Europe in 2014. It's part of the multi-billion-US-dollar Belt and Road Initiative to boost international trade.

The Yiwu-Madrid railway is the longest rail link in the world. It spreads across 13,000-kilometers through France, Germany, Poland, Belarus, Russia, and Kazakhstan. Along the way, the train transfers three times due to different track gauges in China, Europe, and Russia.

(unquote)

Image courtesy Skye Gould / Business Insider

Ben Franklin was anti-debt to form Society of the Free and Easy for virtuous individuals: free of debt therefore easy in spirit

(quote)

10 of Benjamin Franklin’s Lesser-Known Feats of Awesomeness
4. HE WAS NO DEBTOR.
Franklin was terrified of debt and viewed it as similar to slavery because he believed that, through the acquisition of debt, man essentially sold his own freedom. He was so anti-debt that he often spoke (seriously) about forming an international organization called The Society of the Free and Easy for virtuous individuals who, among other things, were free of debt and, therefore, easy in spirit.

(unquote)

Image courtesy pearlsofprofundity.wordpress.com

Bitcoin is 'rat poison,' "I like it when my country steps hard on idiot booms instead of fanning the flame" - Berkshire's Munger

(quote)
Bitcoin is 'rat poison,' "I like it when my country steps hard on idiot booms instead of fanning the flame," Berkshire's Munger: interview on "Countdown to the Closing Bell."
Buffett, chairman and CEO of Berkshire Hathaway, described digital currency as a nonproductive asset.

(unquote)

Image courtesy youbrandinc.com

9 out of 10 people worldwide breathe polluted air, causes 1 in 9 deaths, 14 out of 15 most polluted cities are in India

(quote)
Washington Post: As China cleans up its act, India’s cities named the world’s most polluted
India’s capital, New Delhi, choked by rising automobile emissions and construction dust, was named Wednesday the world’s most polluted megacity by the World Health Organization, which analyzed the levels of the pollutant PM10 in the air in cities with populations above 14 million between 2010 and 2016.
Greater Cairo was the second most polluted large city. India’s other megacity of Mumbai ranked fourth on the list and Beijing fifth.

Nine out of 10 people around the globe are breathing polluted air, the study said, and air pollution is responsible for the deaths of 7 million people worldwide each year, most of them living in Asia and Africa. Of those deaths, 3.8 million were from indoor air pollution from unhealthy cook stoves, a huge problem in India.
Former perennial offender China, in response to citizen outrage, has taken steps to clean up its air, shuttering or reforming factories and reducing its coal consumption in favor of renewable energy. The moves helped improve air quality in Beijing and elsewhere but at a cost — many poor people were denied coal heat during winter or lost jobs.
The World Health Organization’s head of public health, Maria Neira, told the Reuters news agency that India should follow China’s lead.  read more »

Up: $1.3T spending bill; benchmark rate (2018: 3 hikes?); price of goods (pushed by tariff); young users fled FB, so did Tesla

(quote)

#BreakingNews: Fed raises benchmark rate 0.25%. Fed funds rate range now 1.5% to 1.75%. Fed maintains three rate hikes for 2018.

More Than 11 Million Young People Have Fled Facebook Since 2011 According to iStrategy, Facebook has 4,292,080 fewer high-school aged users and 6,948,848 college-aged users than it did in 2011.

March 23, 2018 - Elon Musk joins delete-facebook boycott, deleted Tesla’s and SpaceX’s Facebook pages on Friday. “I didn’t realize there was one. Will do,” Musk tweeted back. He initially said, “What’s Facebook?” to a prior tweet from WhatsApp co-founder Brian Acton urging his followers to delete Facebook because, “It is time.”

(unquote)

Image courtesy JOEL SAGET / AFP / Getty Images

Cybercrime costs global economy $450billion/yr: CEO; ATM dispensing $100 bills instead of $5; Another mega database: Dr Ron Paul

(quote)

ATM dispensing $100 bills instead of $5 bills< /a>
A Kansas woman is facing a pricey lawsuit after a bank accused her of making dozens of withdrawals from a faulty ATM that was dispensing $100 bills instead of $5 bills, a local report said Tuesday.

Cybercrime costs the global economy $450 billion: CEO
In 2016 "cybercrime cost the global economy over $450 billion, over 2 billion personal records were stolen and in the U.S. alone over 100 million Americans had their medical records stolen," said Steve Langan, chief executive at Hiscox Insurance, told CNBC.
"This is an epidemic of cybercrime, and yet 53 percent of businesses in the U.S., U.K. and Germany were just ill-prepared."

Another mega database? Dr. Ron Paul on E-Verification
E-Verify is a (currently) voluntary program where businesses check job applicants’ Social Security numbers and other Information — potentially including “biometric” identifiers like fingerprints — against information stored in a federal database to determine if the job applicants are legally in the United States.

Imagine how much time would be diverted from serving consumers and growing the economy if every US business had to comply with E-Verify. Also, collecting the relevant information and operating the mandatory E-Verify system will prove costly to taxpayers.  read more »

Upside-down dream. Housing market wiped out $11 trillion household wealth. 8 mil lose homes to foreclosure, 12 mil "underwater"

(quote)
Upside-down dream: "my 10-Year Odyssey".
Housing market wiped out $11 trillion in household wealth. 8 million lose homes to foreclosure, 12 million "underwater"

(unquote)

Image courtesy WSJ

Contact Us

Contact Us

RSS feed

Subscribe to WcP Blog RSS feed

Twitter

WcP Blog on Twitter

Facebook

WcP Blog on Facebook

Custom Search



Archive Calendar

May 2024
SunMonTueWedThuFriSat
1234
567891011
12131415161718
19202122232425
262728293031


Random image

Weekly Planner - Snapshot of MIT

Poll

Search the Web

Custom Search

Featured Videos

Latest Quote

"We come from the earth.
We return to the earth.
And in between we garden."
- Author Unknown

"If you have a garden and a library, you have everything you need."
- Cicero

Recent comments

Reader Reviews

  • "Great culture sharing. This is really important to show all over the world and different cultures and nature to whole world." - Anonymous (January 27, 2019)
  • "This is one of the most incredible blogs I've read in a very long time. The amount of information in here is stunning, like you practically wrote the book on the subject. Your blog is great for anyone who wants to understand this subject more. Great stuff; please keep it up!" - Anonymous (May 29, 2018)
  • "I am just happy to know about your website. It's informative and valuable for me. Thanks for sharing interesting info with us. Keep doing best in future." - Kelvin (May 28, 2018)
  • "Very good and creative website, graphics are wonderful." - Ricky (October 7, 2017)
  • "This is absolutely fantastic photography. I recommended to lovers of photography." - Christina (June 30, 2017)
  • "Your website seems to have precious gemstones on the subject of penning." - Bryce (March 29, 2017)
  • "Your articles are constantly awesome. You compose with exactness and your data is constantly precise. What's more, those two things make an article go from great to awesome! Continue distributing more extraordinary articles." - Ayesha (March 19, 2017)
  • "You are doing an amazing job." - Jake (January 4, 2017)
  • "I am an anthropology student and this site has helped me a lot to know more about the various cultures across the world. This is the reason I visit the site so often. Keep on sharing more and more posts like this. Thank you." - Anonymous (April 3, 2016)
  • "Your site is valuable. Appreciative for sharing! Awe inspiring Blog!" - Anonymous (March 16, 2016)
  • "This blog is the book which has feelings for around their lives. Will you produce intense addons." - Anonymous (January 26, 2016)
  • "Interesting quote. I have gone through different posts in this website. I could see different themed quotes and interesting posts here. I am much impressed with this website. Keep up the good work and keep sharing interesting stuff." - Howard (January 25, 2016)
  • "I was so impressed by it I felt I would reach out to you to say thank you. Great work...that's one great blog you've got there!" - Kayla (January 8, 2016)
  • "This is incredible. Finally something new. I was reading comics the whole time. This is the real fact, which I do not think anyone else has such a well written and updated blog like yours." - Zach (January 7, 2016)
  • "The Superbly defined stuff of reading, you constructed a masterpiece with your magical mind. Your writing skills are simply awesome. Great work!" - Katie (December 28, 2015)
  • "This really shows that you can still find folks that care about the things they post online. I really liked browsing the comments." - Myles (December 23, 2015)
  • "Yes i agree with the above poem that window is the world so far i have come across. Every thing comes from it. You have written in a very poetic way. Looking forward for more poems from this." - Anonymous (December 11, 2015)
  • "Every last tip of your post is incredible. You're really great to share. Keep blogging..." - Anonymous (December 8, 2015)
  • "I always take pleasure in your articles. You have a gift for discussing such stirring topics in ingenious yet amusing ways. Your posts help us realize that our troubles are typical, and we can solve them in ready to lend a hand ways..." - Angela (October 05, 2015)
  • "We all appreciate the power of words you always provide!" - Anonymous (October 05, 2015)
  • "So poetic..." - Anonymous (September 15, 2015)
  • "The method for composing is phenomenal furthermore the substance is first class. A debt of gratitude is in order for that knowledge you give the perusers!" - Anonymous (July 23, 2015)
  • "Your configuration, man...too astonishing! I cant hold up to peruse what you've got next.Thanks for your superb posting!" - Anonymous (July 16, 2015)
  • "I found myself starring at these photos. I cannot believe that I haven't seen them before, taking into account that I am mesmerized by sea and ocean as one can be by forces of nature. Thank you so much for putting them out here, because even though they were posted by such a giant as National Geographic, I still have missed them. Well, “dazed” is the exact word that describes the feeling that I felt when I first set my eyes in these photos." - Anonymous (July 14, 2015)
  • "I will check your different articles without further ado. Continuously so fascinating to visit your site. Thank you for sharing, this will help me such a great amount in my learning." - Anonymous (July 10, 2015)
  • "Extraordinary stuff, just basically astonishing! Keep it up in future. I am truly inspired by this site!" - Anonymous (July 3, 2015)
  • "I was reading your post since 2012 and you are writing so much outstanding ideas I must say you are a talented person." - William (June 29, 2015)
  • "I have never seen such amazing thoughts displayed in composing. Your author has an extremely one of a kind method for exhibiting data so as to catch the peruser's consideration." - Anonymous (June 27, 2015)
  • "Mind boggling posting! I really like the way you are sharing the exceptional tackle this subject." - Anonymous (June 25, 2015)
  • "I unquestionably appreciated all of it and I have you bookmarked your site to look at the new stuff you post in the future." - Anonymous (June 13, 2015)
  • "I was very thrilled to find this website. This is really interesting and I have recommended this site for my friends also. I had a fantastic read from this blog." - Anonymous (June 2, 2015)
  • ""The exposition seeks to discover a haven inside character and communicate gratitude for life during its peaceful and thoughtful vibe." - Micheal (May 19, 2015)
  • "Fantastic Blog! I might want to thank for the efforts you have made in writing this post." - James (May 15, 2015)
  • "You are a good photographer your photography is good you click very nice shots which are very attractive and beautiful keep it up." - Ashlyn (May 5, 2015)
  • "Amazing! Great post! Wonderful pictures and well written article!" - Anonymous (March 10, 2015)
  • "Certainly worthwhile content! This is an excellent reference to spent time and gets authentic observation by reading." - Anonymous (February 12, 2015)
  • "Certainly exceptional blog! It is so wonderful content and acceptable with a clear concept. Thanks much!" - Lisa (January 13, 2015)
  • "Photography is my passion and like to learn something new about it. From your blog i have learned many things and i loved to read it thanks for sharing such a useful post" - Anonymous (January 1, 2015)
  • "Magnificent web blog! This is your superb consideration and appreciate your notion with this matter. Thanks a lot for sharing!" - Lisa (December 20, 2014)
  • "Undoubtedly enjoyed this blog! You set the subject content with exceptional abilities and a bit on the right track." - Lisa (December 17, 2014)
  • "It's an extraordinary joy perusing your post. It's loaded with data I am searching for and I want to post a remark that the substance of your post is wonderful. Thanks! :)" - Lilia (July 31, 2014)
  • "I do not even understand how I finished up right here, but I thought this to be great. I do not recognise who you are however certainly you
    are going to a famous blogger for those who are not already. Cheers!" - Gerald (July 24, 2014)
  • "Your blog is very informative. Also the images in it are beautiful!" - Anonymous (January 8, 2014)
  • "It is tempting to comment because of the amazing content on this blog. I wish I had a blog like this." - Anonymous (December 27, 2013)
  • "Thanks for trying to make the world a better place." - Anonymous (July 16, 2013)
  • "I have added to my favorites. I just found this blog and have high hopes for it to continue. I believe this really is excellent information. Most of men and women will concur with you and I ought to thank you about it. Thanks for sharing." - Anonymous (May 16, 2013)
  • "This is awesome! Your photos are perfectly taken! It captured the decisive moment. I am a fan already." - Sarah (Apr. 15, 2013)
  • "Can I just say what a relief to obtain a person who truly knows what they're talking about on the web. You certainly know easy methods to bring an issue to light and make it critical. Extra individuals must read this and comprehend this side of the story. I can't believe you're not even more well-liked considering that you absolutely have the gift." - Anonymous (Jan. 23, 2013)
  • "I wish to show my thanks to the creator of this blog. Keep contributing a good concepts and strategies. Many people will surely improve their skills by reading blogs like this." - Anonymous (Dec. 25, 2012)
  • "I really like your style but mostly your initiative. The world needs more writers like yourself." - Steve (Jan. 18, 2012)
  • "It must be very rewarding to have a long term project like this and too see the progress being made! Thanks for sharing it." - Mika (Jan. 18, 2012)
  • "This was a very eye opening video. It's made an impact on me. We're so unaware of the things that we do every day can destroy our ecosystem. The statistics are mind blogging especially the fact that 90% of big fish are gone. We need to stop this somehow. I'm going to spread this page to my mutual friends. Thanks for this." - Joseph (Jan. 15, 2012)
  • "I enjoy this blog a lot." - Liz (California, USA; Oct. 17, 2011)
  • "Keep up the good work you're doing." - Casper (Melbourne, Australia)
  • "Thanks for sharing some great content through your blog. It has been a sincere pleasure to read." - Anonymous
  • "Always fresh and fascinating." - Anonymous
  • "Cool bio[mission statement]." - Darin (California, USA)
  • "You have some beautiful images. Love your site!" - Susan (Washington DC, USA)
  • "I love your Blog." - Kate (Ireland)
  • "A great site highlighting many important issues." - Bob (New Zealand; Feb. 20, 2010)
  • "Love the images on this blog..there are some interesting articles about health I noticed...we tend to run a 50/50 risk of a heart attack...I noticed when in the USA recently everyone seemed huge..they ate massive meals...I reckon that is one cause of heart failure...just my opinion..but yeah these articles can be worrying to some folk so just heed the advice...I know I will." - Mick (The Sunshine Coast, Australia; Aug 29, 2009)
  • "Excellent blog." - Bill (Vancouver Island, Canada)
  • "Fantastic blog and educational articles, much enjoy visiting...Thank you!" - Lotus1150 (Alberta, Canada; Aug 28, 2009)
  • "Great site and awesome photos." - David (Washington DC, USA)
  • "I loved your website. Even finding some news about Turkey made me surprised." - Anonymous (Turkey)
  • "Gorgeous site ... the kind of place you could lose yourself for hours (suppose that was intentional?). Also, cartoons, commentary on the events of the times, etc. Great stuff." - Daniel (Nevada, USA; Jan. 03, 2009)
  • "...may your blog, ideas and efforts help many more people." - Anonymous (New Mexico, USA)
  • "Very cool site..." - Anonymous
  • "Amazing site, worth the visit every time... enjoy." - Sam (Saudi Arabia)
  • "Easy to read and well-designed." - Colin (Arizona, USA; Apr. 22, 2009)
  • "Unique mix of news, photos and poetry." - Frasier (Virginia, USA)
  • "Worldculturepictorial.com/blog is an extremely interesting collection of news articles. It calls itself "A Window On the World". The site contains a wide variety of topics, all very informative and pertinent to life in today's world." - Cynthia (Massachusetts, USA; Aug. 07 2008)
  • "Wow. Cool." - Christopher (Melbourne, Australia; Dec. 10 2008)
  • "An interesting way to check out the wonders of our world." - Anthony (Ohio, USA)
  • "Nice site, especially the rss icon." - Daniel (California, USA; Sep 10, 2008)
  • "Good blog - Everything from news to photography. Very informative." - "explicitmemory" (Texas, USA)
  • "Very informative site by prose and picture..." - Jeff (Michigan, USA)

AdSense unconfigured block. Click to configure.