How the World Works

China’s tofu construction

A rescue worker digging through the rubble of a school that collapse in the Sichuan earthquake, killing 278 students exclaims:

“It’s this tofu dregs construction! Inside the concrete, there’s only wire, not a single bit reinforcing bar.”

The school was built in 1994. (From Southern Weekend, translated by China Digital Times.)

And in other earthquake-related news, China Vortex features a striking, and humbling, chart showing Google China’s search logs for the afternoon of May 19th, when China observed three minutes of silence in memory of the dead.

As China Vortex observes, “The graph says it all.”

Posted in: China

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Dow rises 936. Happy days are here again?
Don’t be fooled. Investors are delirious because there is a plan to fix the banking system. But nothing is fixed, yet
The Obama middle-class rescue plan
While McCain dithers, Obama swoops in with a multi-pronged bailout for Main Street.
Wall Street: Three cheers for socialism
Driven to ecstasy by news of worldwide bank nationalizations, the investor class celebrates. The Dow surges.

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