Subject: Economic theories

TRADITIONAL ECONOMICS
* You have two cows.
* You sell one and buy a bull.
* Your herd multiplies and the economy grows.
* You retire on the income.

AMERICAN ECONOMICS
* You have two cows.
* You sell one and force the other to produce the milk of four cows.
* You profess surprise when the cow drops dead.
* You put the blame on some nation with cows and naturally that
nation will be a danger to mankind.
* You wage a war to save the world and grab the cows.

FRENCH ECONOMICS
* You have two cows.
* You go on strike because you want three cows.

GERMAN ECONOMICS
* You have two cows.
* You reengineer them so that they live for 100 years, eat once a
month and milk themselves.

BRITISH ECONOMICS
* You have two cows.
* They are both mad cows.

ITALIAN ECONOMICS
* You have two cows.
* You don't know where they are.
* You break for lunch.

SWISS ECONOMICS
* You have 5000 cows, none of which belong to you.
* You charge others for storing them.

JAPANESE ECONOMICS
* You have two cows.
* You redesign them so that they are one-tenth the size of an
ordinary cow and produce twenty times the milk.
* You then create cute cartoon cow images called Cowkimon and
market them worldwide.

RUSSIAN ECONOMICS
* You have two cows.
* You count them and learn you have five cows.
* You count them again and learn you have 42 cows.
* You count them again and learn you have 17 cows.
* You give up counting and open another bottle of vodka.

CHINESE ECONOMICS
* You have two cows.
* You have 300 people milking them.
* You claim full employment, high bovine productivity and arrest
anyone reporting the actual numbers.

INDIAN ECONOMICS
* You have two cows.
* You worship them.

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"From the TR Blog: One Step Closer to Designer Babies?
In a biology first, researchers have created transgenic versions of zebrafish by growing and genetically modifying sperm in the lab. Further development of such a procedure could eventually open the door to correcting genetic diseases before birth—ushering in an age of “designer babies," with all its attendant ethical thickets."
http://www.technologyreview.com/blog/blog.asp?blogID=1250&trk=nl

"Gas on Ice
Once dubbed an energy pipe dream, the prospect of extracting significant quantities of natural gas from frosty hydrate deposits just got a major boost. Scientists working on an experimental drilling project in northern Canada have demonstrated for the first time that they can produce natural gas from an existing gas hydrate deposit in nature. The potential payoff? If we could produce gas from only 1 percent of all the hydrates in the world, we would have enough natural gas to last more than 170,000 years."
http://www.technologyreview.com/articles/wo_wolman013004.asp?trk=nl