Africa requires massive investments in power generation to meet its demand. According to an article by Dr.Mark Mobius the continent has only 7% of the power generating capacity of the U.S. This fact is astonishing since Africa is blessed with plenty of natural resources such as water, solar energy, oil, etc. Click to enlarge From …
The U.S. economy is officially considered a free-market economy. However in reality, many sectors of the economy are dominated by a handful of monopolies and oligopolies. For example, the tax preparation industry is dominated major players like TurboTax (owned by Intuit), H&R Block and TaxAct. The U.S. is one of the few countries in the world that …
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The higher education industry one of the large industries in the U.S. The industry provides millions of jobs and more importantly creates billions of dollars worth of economic activity each year. For example, some college presidents make over $1.0 million per year in salary. All this money has to come from somewhere. One place where it …
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Europe has an excellent conventional rail network.However not many people know that the continent also has an amazing high speed rail network that covers many of the major cities. Today the fastest high speed train in operation is AGV Italo which has a top operational speed of 36o km/hr and broke a record speed of 574.8 km/hr during test …
Continue reading ‘High Speed Rail Maps of Europe and North America’ »
Many countries depend on natural resources for generating revenues. However abundance of natural resources can be a blessing or a curse. Despite blessed with rich resources some countries remain poor. For example, Angola is the largest producer of oil in sub-Saharan Africa. Yet the country has the highest infant mortality rate in the world. Certain countries …