Good news And more good news

Tom Friedman in his article about dream team of scientist( winners of Intel Science talent awards) writes that most of them are children of Immigrants.Good news, our children may have some advantage because of this. Bad news that their children will not have this advantage.These children can help their children by helping them spend the time it takes to master the craft of becoming experts in any field. New research shows that it takes about 10000 hours of study to be an expert in any field.Four hours a day will give one about 1200 hours a year.So it would take eight years of practice to be good at any subject.

It has also been found that Very young (0 to 15)are specially attuned to be able to learn languages,music,Musical instrument,dance.Actually it is much difficult for older people without basic understanding of theses subjects to learn them later on in life. Capacity to learn improves till late twenties .

If America keeps its doors open for new immigrants we can be sure the innovation will come from America.

That is even good for rest of us without immigrant parent as these young people will keep the competition open and exciting for all of us.

Tom Friedman has interesting discussion about China.

New York times Columnist Tom Friedman has an interesting discussion about China.He is explaining how many of the bubble problems in china may not be problems at all.In china as they move up the production in higher value goods instead of exporting Jobs and factories they move them to hinterlands of china and move and enlarge the engine of growth.Its large pool of capital in the hands of the communist state which is quite apt at using money and ideas for public good unlike America where is always bottle neck of ideas .In the short run it seams that communist China is eating our school lunch and is bullying all our large enterprises with its state enterprises and we do not know what to do other than hand our lunch to them.Most of our manufacturers have surrendered to china the ability to produce the goods and seems like without a fight.They have understood our economic system and are using it to their advantage and we in our arrogance are unable and unwilling to understand and compete with them in a way which will keep our country with a high standard of living and make changes where we remain masters of our destiny.

This crisis of confidence leave many other nations in the world which have not benefited from the technological and socio-political advances wondering and questioning the free enterprise of west which has not always delivered the goods and services to the needy.Now China is exploiting the resources of the poor nations and depriving them even the meagre wages as they are bringing their own manual workers which they have in plenty in the hinterlands.
China has developed to a level where it will do fine.I hope more freedoms will come to its citizens .It has done many things well it believes like the Marx and i am paraphrasing it that capitalist will sell you the gun and bullets to shoot them with it.Is our system so bankrupt.