Saturday, March 15, 2008

Clunking great metaphors for the global economy

A police chief memorably bought a sleek yellow Lamborghini, only to find he was too portly to fit in the driver's seat. "We just didn't know how to handle it all," a barefoot islander told me as he played his guitar beneath a tree.

"Hardly anyone thought of investing the money. Dollar notes were even used as toilet paper," his friend told me. "It's true," he insisted seeing my look of disbelief. "It was like every day was party day."
-- from Nauru seeks to regain lost fortunes.
Congolese are constantly pointing out that their country should be one of the richest in the world. It has huge mineral wealth, including the world's biggest reserves of cobalt and tantalum, a rare metal used in the circuitry of mobile phones and laptops. It also has rich seams of copper, diamonds, gold, manganese, uranium and zinc. And much of the country is covered with virtually intact tropical forests, thick with valuable hardwoods.
-- from Mutual convenience, an article in The Economist's series on China's quest for resources.

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