The Bathtub Theory of Economics and Life
Not a lot of people have heard of the relatively simple, yet not so often discussed theory in economics called “The Bathtub Theorem”. The bathtub analogy in discussing economics was first put [...]
Export Generosity to People in Need of Water
Nearly 1 billion people do not have access to clean drinking water. 9,800 people die every day from water related diseases. Every 20 seconds a child dies from a water related illness. And all of [...]
Made in China: U.S. Import and Spending
Working on blogs like this one, I often squeeze a little, smiley-faced stress reliever I call Red. On the bottom of Red are the words, “MADE IN CHINA.” You’ve seen these words on merchandise. [...]
International Shipping and World Time Zones
“We all know that time is money. We are less aware that time is a historical invention of businessmen.” – The World that Trade Created by Kenneth Pomeranz and Steven Topik. You don’t have to be [...]
The Panama Canal & International Shipping Traffic
Anyone who drives through densely populated areas knows the frustration of traffic jams. There are stretches of roads notorious for frustrating drivers and making perfectly punctual people late [...]
China to Rival Panama Canal with Colombian Rail for Ocean Freight
For nearly a century, the Panama Canal has created a monopoly for connecting ocean transport between the Atlantic and Pacific oceans. But now, China has proposed to build a rail in Colombia that [...]