China - should we worry?

In a word yes.

China is changing. Many are getting richer and are expecting a better life. Exports have struggled more lately and soon China may become too expensive, just like Japan became many years ago. Many of the investors in China are the Chinese people themselves. The Chinese government is trying to manipulate the market but the stock markets in China are in turmoil. If China catches a cold we will all know about it. Yes, we should be worried, but I am not sure what we can do. It may not be too long before the words "Made in China" are a thing of the past. We have grown used to low cost products made in China, but for how much longer?

The Chinese have devalued their currency twice in 2 days to help exports, but are they fighting a losing battle?

Perseid Meteor Shower

The next few nights you may see a shooting star as the Perseid meteor show reaches its peak. At its peak you may see 50 meteors an hour. Of course,this all depends on clear skies. I shall be listening for radio amateur signals reflected off their trails.

Greece and the FTSE 100

Apparently Greece has "all but" done a deal with its creditors on a new bailout deal, yet the FTSE 100 share index is currently down nearly 1%. The stock markets should surely be pleased that the Greek uncertainty is all but over.

Look out for Alphabet

Google is doing a major restructuring according to the BBC. Apparently this was a surprise move creating a new parent company called Alphabet Inc..

See http://www.bbc.co.uk/news/business-33857412 .

Distant distant memories

It is funny what lurks deep in the crevices of the mind.

This afternoon we visited some old friends, who live quite near us, for afternoon tea. On their hearth was a brass object of globular shape. Seeing it, I remembered an old bell owned by Jack White and his wife who lived in Slapton, Devon. They had an outside toilet.

I swear I had not thought of that little bell in nearly 60 years but in my mind it was crystal clear. This very very distant memory was there waiting to be triggered. The Whites were a lovely couple. I remember us playing the card game "Newmarket" at their table. One wonders what other memories are buried which will one day surface again.

Public Ownership of key industries?

The possible next leader of the UK Labour Party (Jeremy Corbyn) thinks many key industries like trains and energy should be publically owned again. Although this is very "left wing", it is a policy and philosophy that I agree with. However, I suspect such policies will keep Labour in opposition for many years after the next election in 2020.

See http://www.bbc.co.uk/news/uk-politics-33839819 .

Migrants into the EU

For the genuine refugees who have struggled for miles to escape war and strife I have the greatest sympathy. These true refugees should be made welcome in ALL European nations including the UK. We have only to put ourselves in their place to think how these desperate people would like to be treated. No, how we dehumanise these people is shameful.