In the news: Monday

Indian infrastructure: funds available, but few projects in the pipeline
 – India’s central and local governments are in disagreement concerning infrastructural projects in the pipeline, namely why there aren’t many. Considering most Indians abhor physical labor, and don’t understand what the western world considers to be so tragic about the situation posed in the Tragedy of the Commons, it should be no surprise that India has issues.  Upon the most recent counting of the beans, the country’s finance minister addressed the states: “Given the [$10B], I wonder why there is not an adequate pipeline of projects.” The states countered with something to the effect of ‘that isn’t true.’ [Times of India]

Prophecies peg oil at $95-100/barrel by the end of the year
According to analysts at Goldman Sachs and CIBC, not to mention old T. Boone Pickens himself, a $100 barrel is just around the corner. So far, the all-time high for crude oil futures occurred last year at just below $80/barrel. “At face value this market is strikingly similar to a year ago. What is different? Supply is down a million barrels a day, demand is up a million barrels a day. The market is in a deficit,” says a commodities analyst as Goldman Sachs. Meanwhile (global political tension, refinery capacity constraints, and hurricane season aside), OPEC’s head researcher was quoted in Kuwait Petroleum Corporation’s July newsletter as saying that “OPEC seeks to supply markets sufficiently at proper prices,” and that a “fair price for both oil producers and consumers for a barrel of oil would be around $60 to $65 a barrel,” according to Dubai’s Khaleej Times. [Bloomberg] [Khaleej Times]

Mentally ‘ill’ children in the UK: more than a few
Prescriptions written to school-aged children in Britain for afflictions ranging from depression to daytime fatigue have quadrupled over the last ten years. According to UK children’s charity, NCH, today 1 in 10 children suffers from a significant mental illness, a ratio which has doubled in intensity over the past decade. Politicians are upset and claim that the pressures forcing children into dubious mental states are further being fueled by chaos in the home, and by the liberal pens of family doctors. The Economist ran a similar story about suicide among students in Asia in a recent issue. The pressure for people of all ages, children included, to be lucky perfect is becoming pervasive as information finds faster and more efficient ways of traveling through the virtual world. Images and stories of success, or ideal ways of being – consider: the anorexiaischic campaign, the profiles of one or two jack-of-all-trades-master-of-none-but-that’s-what-makes-them-unbelievably-‘stellar’ teens who didn’t get into an Ivy league university and are made to be warnings for all successive applicants – around the globe that wouldn’t have five, ten, etc. years ago, now make it onto our radar, and are often paraded in front of our faces through longer media blitzes. Unfortunately, children are bearing the negative brunt, and to an extent we’ll only fully realize when in fifteen years or so that inevitable spike in [insert mind-numbing, buzz-inducing substance] abuse and/or suicide rears its ugly head. [Daily Telegraph]


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