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Huge Reservoir Discovered Beneath Asia
anthemaniac writes "Seismic observations reveal a huge reservoir of water in Earth's mantle beneath Asia. It's actually rock saturated with water, but it's an ocean's worth of water ... as much as is in the whole Arctic Ocean. How did it get there? A slab of water-laden crust sank, and the water evaporated out when it was heated, and then it was trapped, the thinking goes. The discovery fits neatly with the region's heavy seismic activity and fits neatly with the idea that the planet's moving crustal plates are lubricated with water."
From the linked article:
Scientists have very few answers, but they do know that the impact of a Yellowstone eruption is terrifying to comprehend. Huge areas of the USA would be destroyed, the US economy would probably collapse, and thousands might die.
Thousands . . . might? In that situation I'd say "hundreds of thousands will" is far, far more likely.
They're either hilariously overexaggerating the first part or hilariously underexaggerating the second.
Breaking Into the Industry - A development log about starting a game studio.
If the only thing you need to kick ass was mineral wealth, Japan should have just thrown themselves upon a sword and given up from day 1. Japan has absolutely no mineral wealth, nor does Hong Kong. Taiwan is pretty sparse in mineral wealth as well. Plenty of African nations are up to their necks in valuable things you can dig out of the ground.
Mineral wealth is nice, but it is hardly a deal maker. China has some serious, crippling problems that is going to keep it from being the magical fairy tail land that people hope for. The demographic imbalances of China in the male to female ratio are horrifying and an invitation to civil strife. China's bureaucracy is corrupt and crippling to industry. China is very lucky it has 1.2 billion people running around it, because unlike the US, China's xenophobia does a handy job preventing it from doing a world wide brain drain as the US is so notorious for. China's government has its hands so far up the ass of its own economy that one incompetent move on the government could spell disaster for the entire nation's economy. We saw and example of this yesterday when the Chinese stock market dumped 10% of its value on a rumor that the government was about to do something dumb.
China has some very sever problems. True, China is a big growth engine right now, but a lot of that has to do with the fact that China was so desperately poor in the past. The Chinese government has done some things right in opening up their markets. They have also managed to keep law and order (which set them well ahead of most of Africa) which counts for a lot. That said, China has some very sever organizational problems with their government. Unless China commits to a real restructuring of their government, I really don't fear all that much for the US position of #1 in the world economy.