The biggest factor in the platinum and palladium markets

“The chief reasons platinum and palladium are in a structural supply deficit are:  A: As I mentioned last week, the ore grade of the platinum group metals, that is the amount of the metals found in ore, is declining rapidly, with a plunge of more than 50 percent in ore grades in Russia and South Africa combined since 1998.  B. It takes as long as 10 years to open a new mine. C. Inventories are already being squeezed, with platinum demand expected to exceed available supplies this year by 705,000 ounces, while palladium demand is expected to exceed supplies by a huge 959,000 ounces this year, more than double the official 455,000 ounce deficit in 2013.”

http://www.moneyandmarkets.com/the-biggest-factor-in-the-platinum-and-palladium-markets-61227

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Shanghai company’s 3D printers print ten houses in 24 hours

“A private company in Shanghai used 3D printers to print 10 full-sized houses in just one day.”

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Sky’s the limit: New towers targeting rich Asians soar in New York

“These mansion-size apartments with 30-mile views will go unoccupied much or most of the time. These towers are shaped by their clientele: a transnational nouveau riche looking for a second (or third or fourth) home. Having made fortunes in nations less regulated economically and less stable politically than the USA, these buyers want a safe investment as much as, or more than, shelter.  Could this boom be a bubble? Richard Wallgren, 432 Park’s marketing director, says that it’s hard to overbuild in Manhattan.  One57 says that more than half of its buyers come from outside the USA, including 15% from China.  One57 will receive tens of millions in tax breaks to encourage construction.”

http://www.usatoday.com/story/news/nation/2013/12/12/new-york-high-rise-boom/4005289/

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U.S. would welcome Modi as India leader despite past visa ban

“Modi was shunned by Western nations for years after the bloodshed in Gujarat, where he has been chief minister since 2001. He was denied a U.S. visa in 2005 under the terms of a 1998 U.S. law which bars entry to foreigners who have committed ‘particularly severe violations of religious freedom.’  Modi’s rise on the national stage, however, and the importance of relations with India, which the United States sees as a key counterbalance to China in Asia, have forced a rethink.  The State Department described the Indian elections as ‘an inspiring example of the power of the democratic process in action’ and stressed their peaceful nature – in spite of the killing of 41 Muslims in the state of Assam.”

 

http://www.reuters.com/article/2014/05/12/us-india-election-usa-idUSBREA4B0Y120140512

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New Drums of War

“The story begins 25 years ago, in 1989.  That was the pivotal year for the most dramatic peaceful transformation of modern history.   The transition to market-based economies created massive opportunities for investors. We saw a huge increase in cross-border trade and foreign direct investment. Almost simultaneously, the emergence of the digital revolution brought a decrease in international transaction costs. The Asian tigers and the BRIC countries — Brazil, Russia, India, and China — grew exponentially.  In this environment, the mere thought of regional conflict seemed absurd. And anyone talking about global conflict would inevitably be invited to check in to the nearest insane asylum.”

http://www.moneyandmarkets.com/new-drums-of-war-61239

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Questions remain in Chinese earthquake that killed more than 80,000

“The disaster provoked widespread grief in China, but also outrage after it emerged 7,000 schools were badly damaged in the southwestern province, triggering accusations of shoddy construction, corner-cutting and possible corruption, especially as many other buildings nearby held firm.  The aftermath of the earthquake saw the rise to prominence as a government critic of artist Ai Weiwei, who organised a citizens’ probe into the school collapses. The campaign led to him being badly beaten by police when he tried to testify in support of an activist who had investigated the issue.”

http://www.thestar.com.my/News/Regional/2014/05/12/Questions-remain-as-China-remembers-6-years-since-quake/

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Relaxed One-child Policy Intensifies China Midwife Shortage

“Guangdong province is expected to see a big baby boom after relaxing its birth control policy in late March to allow couples to have a second baby if either parent is an only child.  With a population of more than 100 million, Guangdong tops the country’s most populous provinces. About 150,000 households in Guangdong are qualified to have a second child.  It is forecast that Guangdong will see the number of babies born increase by 10,000 to 15,000 in 2014.  China’s family planning policy was first introduced in the late 1970s to rein in the surging population by limiting most urban couples to one child and most rural couples to two children, if the first born was a girl.”

http://english.cri.cn/6909/2014/05/14/3123s826350.htm

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Chinese woman, 64, allowed to defy one-child policy with IVF twins

“Mrs Hailin said that she and her husband wanted to have the twins to ‘survive and free myself from loneliness.’  So, in a rare move for the country which enforces a one-child policy, a military hospital in Heifei agreed to give Mrs Hailin and her husband IVF treatment.  In November last year, the Chinese government announced couples could have two children if one parent is an only child.  An estimated one million families in the country have lost their sole descendant since the one child policy took effect in the late 1970s, and another four to seven million are expected to do so in the next 20 to 30 years.  Such families face uncertain futures, with no one to help them through old age.”

http://www.dailymail.co.uk/news/article-2626404/Chinas-oldest-mother-Woman-64-defies-one-child-policy-IVF-twins-overcome-loneliness-daughter-died.html

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What are some of the most mind-blowing facts about China?

“What are some things that might even surprise people who live there?

http://www.quora.com/What-are-some-of-the-most-mind-blowing-facts-about-China

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26 Years of Growth: Shanghai Then and Now

“Reuters photographer Carlos Barria recently took this amazing shot, recreating the same framing and perspective as a photograph taken in 1987, showing what a difference 26 years can make. The setting is Shanghai’s financial district of Pudong, dominated by the Oriental Pearl Tower at left, and the new 125-story Shanghai Tower, China’s tallest building and the world’s second tallest skyscraper, at 632 meters (2,073 ft) high, scheduled to finish by the end of 2014. Shanghai, the largest city by population in the world, has been growing at a rate of about 10 percent a year the past 20 years, and now is home to 23.5 million people — nearly double what it was back in 1987.”

http://www.theatlantic.com/infocus/2013/08/26-years-of-growth-shanghai-then-and-now/100569/

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