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Debate - Are these tiny dinosaurs the origin of flight in birds?
In 2003, six four-winged dinosaurs were unearthed in Liaoning China with fully formed flight feathers clearly attached to both their hind and front limbs. Are they the first to display flight amongst these creatures? What impact does it have on impact on the origin of flight in birds?
Debate - Should valuation of environment be a part of measurement of economic growth?
Should valuation of environment be a part of measurement of economic growth? Is Green GNP a necessity in the modern world? While India and China, the two major economies growing at a rapid rate has helped millions to come out of poverty, it has also impacted the environment in a big way. Mega power plants emitting ash into the environment, thousands of new factories are being built every year, millions of new cars on the road, thousands of miles of new roads on forest and farm land. Is sustainable GDP growth the only way forward?
Intellifive - China’s Mega Structures
From time immemorial, China has been blessed with brilliant architecture and amazing mega structures. From The Great Wall of China to the Yangshan Deep Water Port, it has continued to wow the world. The current economic boom in Asia's largest economy has mandated the development of infrastructure resulting in amazing modern mega structures as well. Lets take a look at the five brilliant man made mega structures in China.
Debate - Is increased government spending the only way out of recession?
When the economy goes into recession, thousands of people lose their jobs and also corporate profits decline. This reduces both the income tax and corporation tax flow to the government. Because of high unemployment, there is increased use of government programs such as social security benefits. In this given situation, is it prudent for governments to increase their spending causing the deficit to spiral, thereby affecting the sovereign debt rating, and in turn causing further damage to the economy? Should not monetary policy actions such as quantitative easing, increased business lending, and reducing the interest rates be enough to stimulate the economy? Or is increased government spending the only way out of a recession?
Intellifive - Better use of huge foreign exchange reserves
Foreign exchange reserves are foreign currency deposits and bonds held by central banks and monetary authorities, but also includes foreign exchange and gold, SDRs and IMF reserve positions. In a flexible exchange rate system, official international reserve assets allow a central bank to purchase the domestic currency to stabilize the value of the domestic currency if need arises. China tops the list with nearly $2.5 trillion, Japan with $ 1 trillion, Euro zone - $ 700 billion, Russia - $ 450 billion, Taiwan - £ 350 billion, while Brazil, South Korea, India, Hong Kong and Switzerland have in excess of $ 250 billion.
Other than the risk of foreign currency devaluation against their own currency, it is also a huge risk to hold such large reserves in fewer asset classes such as US government federal bonds. How can such large reserves to better use and to stimulate jobs and income?