Tuesday, July 18, 2006


Just 6 days ago, we saw on digg that South Korea decided to earmark 150 billion over the next 5 years to enhance their capacity for national defense. That amounts (annually) to more than a 20 percent increase over their estimated military spending for 2005 according to the CIA World Factbook.

China, which already spends in excess of that amount, aims to spend 150 billion over the same time span to address their own pressing problem--no, not North Korea--environmental pollution. Take for example this factoid from the Wall Street Journal, that China dumps 40% of its contaminated water into the river it's spent on the order of 25 billions to dam exacerbating a projected shortage of water for the 2008 Olympics in Beijing.

SOURCE: digg, wsj asia, [BBC News]

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