China, like the other Tiger Nations, is predominantly a mercantilist nation whose prosperity is heavily dependent on export growth to the United States and Europe; both of which have thrown in the consumer shopping towel and are dealing with righting their household balance sheets to minimise the effects of debt.
As Gary Sauer-Thompson notes this has left
China with industrial over-capacity and no real state based policy to deal with it. The United States is not much better. It has a financial sector which is currently at over capacity and instead of allowing it to contract as capitalism and free markets would demand, instead taxpayer money and government policy has allowed the financial sector to remain larger than what the current economy requires.
Australia has required on the 'decoupling' thesis for its hopes of avoiding any slow down in growth.
Barry Ritholtz writes;
Can China expand enough to make up for the contraction in US and European demand given that the two economies are more than six times the size of China? The answer to that last question is an emphatic no. The decoupling theory was that loss of the US consumer would not matter to the commodity producers like Canada and Australia or the manufacturers like China and Japan. How could any economist have thought that? Many did.
Unfortunately the US's consumption as built upon unsustainable cheap credit, which led to an over capacity of malls, which was were then filled with cheap trinkets and wares from China, Japan and other manufacturing nations. With the collapse of American consumption, so goes the factories of China as Chinese consumption and choice of goods is nothing like what Americans buy.
Until the US consumer gets on top of personal debt the global economy will not pick up pace again. The United States consumer remains the wealthiest on the planet and with the most fickle demands for what they want in life. China, Japan and the other mercantilist nations cannot change that fact - and at the moment the US consumer is tapped out of money on a national scale.
Phoenix Eats Out is the restaurant review site for
Phoenix,
Scottsdale and
Old Town Scottsdale which lists the modernist and contemporary restaurants, taverns and bars in the greater Phoenix area.
This is the list of the most popular restaurants pages from phoenixeatsout.com that have been viewed the most;
My personal favourite restaurants in Phoenix are
AZ88,
Postinos,
Bomberos with
Grazie,
Humble Pie,
Orange Table,
The Vig,
Fez and others coming close behind. View the complete list with the photo-journalistic style images on
phoenixeatsout.com
Arizona is an outdoor state and has lots of hiking in the city and around the state. Phoenix is unusual for most cities in having several large mountains in the center of the city with great hiking. Anyone who comes to Phoenix has to do the
Echo Canyon trail on Camelback and the
Summit Hike on Squaw Peak or Piesta Peak. The views of the city, suburbs and surrounding mountains are wonderful from Camelback and Piesta Peak.
For more experienced hikers there is the McDowell Mountains in North Scottsdale that has several difficult and strenuous hikes in
Tom's Thumb and
Bell Pass. Alternatively, you can hike the highest mountain in Arizona. At 12,600 feet
Humphrey's Peak is a long and difficult hike.
Between 2004 and 2009 this site,
southsearepublic.org, was a constitutional blog based on scoop which focused on Australian and global constitutional issues.
One of the strongest aspects of it was the development of constitutions by those involved in the blog. These constitutions are the outcome:
The constitutions were built using principles from Montesquieu's separation of powers, the enlightnment's universal political rights and the ancient Athenian technology of sortition and choice by lot.
South Sea Republic started in 2004 as an Australian constitutional blog in 2004 based on scoop software. It was an immigrative outgrowth of Kuro5hin. The archives for each year since then;
The articles are ordered by views.
I am an Australian living in the United States as a permanent resident.
I am a software developer by trade and mostly work in Java and jump between middleware and front end.
I originally worked in the New York area of the United States in telecommunications before moving to Washington DC and
working in a mix of telecommunications, energy and ITS. I started my own software company before heading out to
Arizona and working with Shutterfly. Since then I have joined a startup in the Phoenix area and am thoroughly enjoying myself.
I do a lot of photography which I post on this website, but also on flickr. I have a photo-journalistic website which lists
the modernist and contemporary restaurants in phoenix. I have a site on the
Australian Flying Corps [AFC] which has been around since the 1990s and which I unfortunately
lost the .org URL to during a life event; however, it is under the
www.australianflyingcorps.com URL now.
The AFC website has gone through several iterations since the 90s and the two most recent are
Australian Flying Corps Archives(2004-2002) and
Australian Flying Corps Archives(2002-1999) which are good places to start.
