India and China- a comparison

This is an interesting graphic we have here-

Business in India: A bumpier but freer road | The Economist:

"Both China and India have taken off since their governments allowed people and companies more economic freedom. China went first, so it has a big head start. But as Morgan Stanley’s economists point out, India’s growth since the reforms of the early 1990s bears a striking resemblance to China’s since its grand opening in the late 1970s (see chart 4)."

This is the chart-

That Sinking Feeling...

"Greece, with a population of just 11 million, is the largest importer of conventional weapons in Europe—and ranks fifth in the world behind China, India, the United Arab Emirates and South Korea. Its military spending is the highest in the European Union as a percentage of gross domestic product. That spending was one of the factors behind Greece's stratospheric national debt."

Why did Greece buy so much weaponry? -

"Greece's deputy prime minister, Theodore Pangalos, said during an Athens visit in May by Turkish Prime Minister Recep Tayyip Erdogan that he felt "forced to buy weapons we do not need," and that the deals made him feel "national shame."
"Other European officials have charged France and Germany with making their military dealings with Greece a condition of their participation in the country's huge financial rescue. French and German officials deny the accusations.

An entertaining article- would be unbelievable as fiction- may be an African State, or a South American junta, but not in Europe, one would think.

Read more- The Submarine Deals That Helped Sink Greece - WSJ.com:

The Rich are rather different...

Looks like we are collecting articles about the filthy rich: this is the third I've seen that exposes the ruthless streak in the rich-


Walking Away From Million-Dollar Mortgages - NYTimes.com:

"Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population.

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic.

By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below the million-dollar mark is delinquent."

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