The Post-Western World is Coming On Fast

KENNETH RAPOZA – The economic crisis in advanced economies is accelerating the timeline in which big emerging nations like China rule the global economy. Instead of the market focusing on American shopping habits, they’ll be focused on consumers in Shanghai and Mumbai. Unless the US can recover the 8.5 million jobs it lost in the recession, and unless incomes begin rising, the US will be knocked off its pedestal within a generation. The post-Western world is coming faster than we think.

UCS Scientist Separates Electric Car Fact from Hype

DAVID FRIEDMAN – With the battery-electric Nissan Leaf and the gas-electric, plug-in hybrid Chevrolet Volt now on the showroom floor, and with plans by most major car companies to offer at least one model driven partially or completely by batteries or fuel cells in the next few years, we stand at the cusp of an exciting—even electrifying (forgive the pun)—transition in the auto industry.