This week (Sept 15-21) in The Economist --Chinese struggle with pork problem, too -- Apparently, a huge portion of the worrisome growth in Chinese consumer prices (up 6.5% in August, year over year) can be attributed to its pork shortage. New prosperity has driven up demand for pork, causing the government to dip into its strategic pork reserve. The Economist points to the inflationary pressures such price increases bring, and suggests it could be an important topic at the upcoming party congress.
The northeast African country of Niger has rich uranium deposits that could be very alluring as the world returns to nuclear power. However, these potential riches could make the ongoing rebellion even more difficult to resolve. Add to this the rumor of Qaddafi's involvement and the U.S.'s desire to root out terrorism in the Saharan region, and this situation could be moving to the front burner.
Union negotiations are news in the U.K. as well as the U.S. There, public employee unions are chaffing at new Prime Minister Gordon Brown's praise for union-busting Margaret Thatcher. An autumn of walkouts and dissension seem to be in the offing.
The magazine has an interesting piece about the European Economic Union, questioning how well it is serving its avowed raison d' etre. The piece uses the difference in energy strategies as an example of self-serving fragmentation -- the French are set on consolidation, while other countries, led by Denmark, are determined to follow the free market strategy. In this instance, all eyes are pointed east at Russia's growing power in the natural gas and oil markets.
Finally, the magazine compares the growth in the U.S. housing values to other countries, and interestingly finds that a number of them seem to have more inflated values, including Belgium, Britain, Denmark, Greece, Spain and Sweden. However, none have lending practices as liberal as ours.










