There are actually a bunch of measures that say the opposite.
Is China about to leapfrog the United States to become the world's biggest economy? That's what all the headlines this week would have you believe.
But they're wrong.
The International Comparison Program, a statistical project coordinated by the World Bank, has published a report comparing the relative size of 199 economies using so-called purchasing power parity (PPP).
What caught the media's attention was this figure buried on page 81 of the 92-page report: China was 87 percent of the size of the United States in 2011, compared with 43 percent in 2005 when the study was last conducted.
The big increase was partly due to a change in methodology and also the fact that China's economy has been growing at a faster pace.
Various reports predicted the Asian powerhouse would overtake America as the world's No. 1 economy in purchasing power terms as early as this year — much sooner than many h…
La entrega de total e incondicional de la patria a manos de Raul Castro por parte de un incapaz como Nicolas Maduro combinada con la sed de dinero y poder de Rafael Ramirez lograron lo que hasta hace pocos años parecía imposible: arruinar a PDVSA.
La merma en las exportaciones de crudo, debido al estancamiento de la producción y un incremento en la deuda con proveedores, opacan el desempeño de la empresa generadora del 96% de las divisas que ingresan a Venezuela, un verdadero Estado dentro del Estado.
“En Pdvsa está bajando lo que no debe bajar, y subiendo lo que no debe subir”, aseguró una fuente vinculada a la industria.
Un ejemplo de lo que no debe subir es la deuda con proveedores y contratistas, la cual se elevó 17% en 2013, de acuerdo con la Memoria y Cuenta de la compañía hidrocarburífera.
En septiembre de 2013 los compromisos llegaron a US$ 6.200 millones sólo en el área de producción y exploración, mientras que entre 2012 y el año…
HYDERABAD: Pakistan has devised a plan to avert a likely ban on export of its mangoes to the European Union (EU), which has earlier issued a warning to do so if the country does not take the measures to overcome the issue of existence of fruit flying into its fruit, a government official said on Saturday.
Earlier this year, the union has banned import of mangoes from India after encountering the bug, he said.
“We have devised a plan to avert a likely ban upon our export of mangoes to EU,” Dr Mubarak, director general of Department of Plant Production (DPP), said while addressing the fruit growers, exporters and traders at a seminar.
The DPP and All Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA) organised the seminar on ‘Fruit Fly and Pest Free Mango Export to the World’ to bridge a gap between farmers and exporters, Waheed Ahmed, spokesman of the association, s…
America's allies are nervous. With Russia grabbing territory, China bullying its neighbours and Syria murdering its people, many are asking:
where is Globocop?
Under what circumstances will America act to deter troublemakers?
What, ultimately, would America fight for?
The answer to this question matters. Rogue states will behave more roguishly if they doubt America’s will to stop them.
As a former head of Saudi intelligence recently said of Vladimir Putin’s land grab in Ukraine:
"While the wolf is eating the sheep, there is no shepherd to come to the rescue."
Small wonder that Barack Obama was asked, at every stop during his just-completed four-country swing through Asia, how exactly he plans to wield American power. How would the president respond if China sought to expand its maritime borders by force? How might he curb North Korea’s nuclear provocations? At every p…
"Organizations that once concentrated exclusively on drugs now extract rents from Mexico’s oil industry and export stolen iron ore to China; the price of limes in U.S. grocery stores has doubled in the past few years because the cartels are taxing Mexico’s citrus farmers."
When Guzmán was questioned in prison by authorities, he, too, seemed to suggest a case of mistaken identity.
He maintained his innocence, his rote replies taking on a smug absurdity:
Q:May the deponent say to which organization he belongs.
A: "I don’t belong to any cartel. . . . I am a farmer."
A REPORTER AT LARGE
THE HUNT FOR EL CHAPO
How the world’s most notorious drug lord was captured.