Here is a downloadable version of my 4th quarter benchmark for globalization. Enjoy. 

PDF Document comparing and contrasting Luxembourg and East Timor's chance of collapse. 

Quarter 4 Citizenship assignment. 

1. Gray, Christopher. "Streetscapes/William Van Alen; An Architect Called the 'Ziegfeld of His Profession'." The New York Times. 22 March 1998. 12 May 2009. <http://www.nytimes.com/1998/03/22/realestate/streetscapes-william-van-alen-an-architect-called-the-ziegfeld-of-his-profession.html?pagewanted=2>

A relatively dated article in the New York TImes about William Van Alen, a famous Architect of the early 1900s and 1920's. The article contains a brief biography of Alen, but delves deeper into his personal work. The article explains several of the buildings he designed in New York City, and who praised them.

2. Adolf K Placzek. Macmillan Encyclopedia of Architects. Vol. 1. London: The Free Press, 1982. ISBN 0-02-925000-5. NA40.M25.

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Both blogs 7 and 8 can be related since they both have to do with solving the problem of inflation in the past. Post 7 was from '52, and 8 is from '80.

Here's the document I found. It's downloadable as a PDF file.

The document has some relatively modern ideas, even though it's from 1980. That shows the similarities of inflation in both old times and new. People look at inflation in one point of view. The point of view is "This is inflation, and what it is. This is how we can solve it." That's how inflation is looked at in both today's world, and the world of the 1980's.

I was reading though the one-page file, and a couple of sentences really caught my attention. They read "Inflation never has and never will go away; We think were intelligent reason motivated decision makers still our company and country leadership still talks about inflation "Going away" Never!" Agreed, about the inflation will never and has never gone away part. Inflation can be lowered to a very small percentage, but is extremely difficult to get rid of, and according to the file, impossible to get rid of.

So, instead of trying to get rid of it, the article gives ideas on how to lower it. Here are a couple of them: "Stop catching up; no increases of any kind for 90 days; Hardship - yes - otherwise disaster for everyone; Have no cuts in the value of our money; report the decreases in the value of our money instead of "inflation" decrease in cents per dollar".  It's kind of hard to follow, since it's more of an outline than an explanation, but nevertheless gives you an idea of how economists would solve inflation back in the 1980's. The page even satted that a movement should be lead, and when directors are unclear, that is the time for a thrust. I wasn't too sure what the author meant by this, but It was a pretty interesting little find.

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I was looking through my RSS feeds earlier today --since I hadn't checked up on them in some time-- and found several articles relating to China's economic growth and risks, and articles about precious metals. Under the headlines, sentences were pulled from the articles to give an idea to the viewer what it's about. I saw a couple of headlines about China like this; "China Sees Inflation Pressure Growing: ...is confident inflation can be held to its 4.8 percent target this year, financial officials said Thursday. "We will face increasing pressure for price rises...” and one other read, "China's Premier Discusses Economic Risks: ...From both inflation and a global economic slowdown, sounding a cautious note as he begins his second term." The headlines for the precious metals were different, due to the change of subject. I looked at two, which read, "Gold, Platinum Hit Record Highs: ...concerns about inflation and energy supplies spurred a continuing flight into hard assets." And the second one, "Precious Metals Fall Despite Dollar Drop: Precious metals prices fell sharply Thursday, ignoring a tumbling dollar and spiking crude prices after South Africa said it would ease power rationing for some of the world's biggest gold and platinum mines. Other commodities traded mixed, with crude..."

Those were the first headlines I saw when I scrolled about a third way down the first page of feeds. I scrolled down even more, and --no kidding-- saw another dozen articles about China's economy. Since China was the subject of the week, I decided to read up on several of the articles.

This article explains China's economic pressure, due to food shortages and a credit boom. "Inflation 'will be the No. 1 item on our agenda,’ we have the means to achieve the targets." the chairman of China's planning agency, Ma Kai, said. China's inflation rose to 7.1% in January, it's highest in 11 years. One of the problems Communist leaders worry about is possible political fallout from rapid price rises, especially for food that has battered Chinese consumers and threatens to erode rising living standards. Bouts of high inflation in the 1980s and '90s sparked protests. Ma believes that the government is too optimistic, and that the government is still underestimating the risk of inflation.

I thought it was very interesting how Ma said that inflation would be the No. 1 item on their list. In the United States, the Fed is cutting interest rates as their priority, instead, the Fed seconded inflation. Economists in the United States believe that the Fed should fix inflation first, rather than cutting interest rates. I wonder how China's economy will play out compared to the United States since they're trying to fix inflation first instead of other less severe economic issues. We'll have to wait and see how everything plays out. Then, we'll be able to tell whether cutting interest rates was a better idea, or fixing inflation was a better idea.

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This bio-diesel reactor has been a real journey.

 I thought of it as something that wouldn't be built. just some project that would be thought of, and then dismissed. It might be a tad harsh to think of it that way, but that's honestly how I felt. When I heard that the reactor would be built for fuel for villagers in a South American country I still thought it'd be something that we would just see in a "It'd be great if we could help them out" way. But we actually started to build it. This was something I wasn't used to. In all of my past schools, we'd look at something like this, and think "Hopefully someone will help them out." But WE were the ones helping them out. 

We started to build the sucker. All of the materials were bought. Sheet metal, and all of the other tools that were needed to build the reactor were gathered.  Measurements were made, metal was cut, and ideas were presented. This is something that can really work. Something that we can be responsible for. Something that I can look at in 20 years and say "I helped build that."