Word: pricing
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Worse, as demand for biofuels go up - the European Union alone targets 5.75% of all its transport fuel to come from biofuel by the end of the year - the price of crops rises. That in turn encourages farmers to clear virgin land and plant more crops, releasing even more carbon in a vicious cycle. For instance, as the U.S. uses more biodiesel, much of which is made from soybeans or palm oil, farmers in Brazil or Indonesia will clear more land to raise soybeans to replace those used for fuel. "When we ask the world's farmers to feed...
...what in the world is he doing out here? The short answer is that my wife and I have become a tiny part of China's latest revolution. We got an off-the-shelf mortgage from the Standard Chartered Bank branch in town, plunked down 25% of the purchase price, and bought ourselves a piece of the Great Chinese Dream...
...more crowded and more expensive, a phenomenon similar to the one that reshaped the U.S. in the aftermath of World War II has begun to take hold. That is the inevitable desire among a rapidly expanding middle class for a little bit more room to live, at a reasonable price; maybe a little patch of grass for children to play on, or a whiff of cleaner air as the country's cities become ever more polluted...
...helping create are a bridge way too far? He looked at me as if I were from another planet, then smiled politely. "There is only one Shanghai in China," he said. "People want to come here from all over the country. People need good quality housing at a decent price, and that will continue to be true for a long, long time. Sure, there might be periods where the market slows down a bit; but the underlying things that are driving it, no, they won't slow down." There are about 20 million people in Shanghai now, Guo noted...
...rich Chinese, but people who consider themselves solidly middle class. Chen says proudly that he's "the first in my family to own a car as well as a real house." Their homes are about the same size as ours, and they probably paid roughly the same price as we did ($165,000). Most have young children (this being China, usually just one) and have also brought parents or parents-in-law with them, also common in China...