THERE is a lot less “stuff” being produced in the US and China as a consequence of the financial crisis.
According to Joe Kishore writing at The World Socialist Website:
“Manufacturing in the US is collapsing, with a key index falling to its lowest level in 20 years on Friday. Other figures released yesterday show a downturn in production throughout the world.
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Jennifer Marohasy BSc PhD has worked in industry and government. She is currently researching a novel technique for long-range weather forecasting funded by the B. Macfie Family Foundation.