Thursday, June 09, 2005

Chinese Currency Policy

We've heard from lots of people who are trying to get the Chinese to stop pegging their currency to the U.S. dollar. Here is an expert in favor of leaving the currency as it is. Clearly the point of view importers would like to hear more often.

Wednesday, June 08, 2005

A little bit of culture

I've never been go-karting in America. Sad but true. But after going go-karting in China, I dont think I really want to go in America. See in America I dont think they generally allow go-kart companies to operate a full bar right next to the track. And they have pesky helmets and stupid rules about not crashing. Not here. It's a no-holds barred, all you can drink free-for-all. They encourage you to get good and loaded on $5 dollar pitchers of beer, then they put you in the cart with no instructions, fire it up before you have time to properly buckle your seat belt and send you screaming around a track at 35 mph with seven of your drunk friends chasing right behind you. The first time I crashed nto another guy I felt really bad, laid off the gas and expected one of the track attendants to give me a lecture. But nothing happened...nobody said anything. Turns out you can crash all you like. It's bumper cars how they were meant to be: high speed and "illegal" blood alcohol levels. The best part, which we discovered on the way out, is that the track is open till like 4 am. So you can actually go to the track AFTER the bars close...this is going to be trouble.