Building a Wall of BRICs to Keep the Global Recession at Bay

The best hope to keep the global economy growing may be people like Wei Yufang. A peasant who farms a small plot beside the mud-brown Huaihe River in central China, Wei has a modest dream: to buy an air conditioner to give her family relief from the dusty heat that each summer envelopes Xiaogang (Little Hill) village in Anhui province.With economies from the US to Japan in recession, Wei and the other 2.8 billion people in Brazil, Russia, India and China may provide the consumer demand needed to counter the slump.Jim O'Neill, the Goldman Sachs economist who in 2001 coined the acronym BRIC from the initials of the four big emerging economies, says the faster growth investors have come to expect from these countries will survive this crisis. Mr O'Neill, who is based in London, says the citizens of the BRIC nations are poised to spend more. "The BRIC consumer is going to rescue the world," he says.China's leaders are doing their part. The massive 4 trillion yuan (€464bn) stimulus plan unveiled on November 9 signaled the intention to spur domestic consumption as developed economies buy fewer Chinese exports. The first-ever meeting of finance ministers from the BRIC nations, a few days earlier in Sao Paulo, charted a newly assertive role."The crisis revealed weakness in risk management, regulation and supervision in the financial sectors of some advanced economies," the ministers said. It also showed the resilience of the BRIC economies, they said."This is a global crisis and demands global solutions," says Brazilian President Luiz Ignacio Lula da Silva. "The participation of the developing world is essential."Chinese President Hu Jintao said in Washington in November: "Steady and relatively fast growth in China is in itself an important contribution to international financial stability."China's two-year stimulus programme calls for spending on housing, roads, railways and airports, tax deductions for businesses that invest in new equipment, and subsidies for farmers.Chinese ConsumersEqual to about 16pc of the country's annual gross domestic product, the plan dwarfs the $168bn stimulus in the US in the spring, which was about 1pc of GDP. In the weeks since the Chinese effort was announced, US president-elect Barack Obama has said he favours a larger stimulus for the US economy; his aides have said it could top $600bn.While Chinese consumers, as a group, still don't overshadow their American counterparts in total spending, their outlays are growing. China's retail sales jumped 22pc in October. Consumer purchases in the US, by contrast, dropped in the third quarter for the first time in seven years."Since October 2007, the Chinese shopper alone has been contributing more to global GDP growth than the American consumer," Mr O'Neill says.He had predicted that the BRIC economies would account for 10pc of global economic output by 2010. Already, they comprise more than 15pc.'Hit the Hardest'Forecasters at Merrill Lynch share the enthusiasm. "Can BRICs help stabilise the global economy" Merrill's global economics team asked in an October report. "We think so."This doesn't mean that the downdrafts being felt by the BRIC nations don't hurt. "A year ago everyone was so optimistic about emerging markets," says Marc Faber, who manages $300m in Hong Kong."Now the global economy is going into a severe recession and it is the most volatile economies -- the emerging markets -- that are being hit the hardest," says Mr Faber, publisher of the 'Gloom, Boom and Doom Report'.The BRIC countries' stock markets have seen big swings. The benchmark index in Shanghai has been down as much as 70pc from its high, while Moscow's stock market has fallen as much as 75pc from its peak. At its peak in May 2008, Brazil's Bovespa Index had quadrupled in four years. By late October, the index was down 60pc from that high.The question is whether a deeper collapse is coming -- or a turnaround. Mark Mobius, the Singapore-based money manager, says BRIC markets are a buying opportunity. "We're like children in a candy shop," says Mr Mobius, who oversees $30bn in emerging-market equities at Templeton Asset Management Ltd.In early November, BRIC nations held 41pc of total global foreign exchange reserves. (© Bloomberg)

Building a Wall of BRICs to Keep the Global Recession at Bay 1

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Why Does an Air Conditioner Sometimes Take so Much Time to Cool a Room?
In one word "capacity".Capacity" in relation to air conditioners is a measure of how fast they can transfer heat from inside the room to outside.Every room presents a "heat load" This is a combination of:The size of the roomThe temperature difference between inside the room versus outside the roomThe type of insulation / insulating materials between the room and outside the roomThe orientation of the room with respect to the sunThe number and type of windows and window dressings (awnings / curtains etc)The number of occupantsOther sources of heat including lights, devices such as televisions, computersAs your air conditioner extracts heat from the room, additional heat is being added to the room both from outside the room and from sources of heat within the room.If your room is eventually cooling down but takes a long time, that suggests that the capacity of the air conditioner is greater than the heat load, but not by much. In other words, you have little spare capacity.Your options to improve the situation are:Reduce the room's heat load. Things like covering windows with external shade, internal thermal curtains, better ceiling insulation etc. Ensure that the air conditioner is able to run effectively, with as much capacity as possible. Things like ensuring the indoor units filters are clean, ensuring both the indoor and outdoor coils are clean, checking that indoor and outdoor fans are all operational.If you have done everything possible to reduce the heat load and maximise the effectiveness of your air conditioner and it still takes too long to cool your room, another option is to turn it on earlier, so there is less heat to remove from the room, or leave it on at a higher setpoint, again to reduce the amount of heat the air conditioner has to remove before you feel comfortable. The last option is to replace your air conditioner with a unit with a greater cooling capacity. Obviously this is the most expensive option. It is also the reason why when choosing an air conditioner in the first place, getting the correct capacity is so important. Professionals will perform a heat load calculation to work out the capacity of cooling required. As you can see, getting this right is very important to avoid these sorts of situations from occurring in the first place..1. can you put an air conditioner in a room within a room?No because you will not be able to use the other room, nor the AC will work efficiently,and the performance of your AC will gradually reduce in a short span of time, due to lack of fresh air flow which the other half of your needs to discharge th heat collected from AC room. Butter get raid of your window type, go in for split AC.2. why does my air conditioner make my room smell like a locker room?Usually your air conditioner has a filter. Take the filter out and soak it in a solution (50/50) 4 cups vinegar /4 cups water, then throw a little baking soda (1/4 cup) Soak for 3-4 hours, let it dry in the sun. This should take the moldly, mildew smell out. If it does not , you may need to buy a new filter. Good luck!3. I have to install an air conditioner but the outlet has a round hole and 2 horizontal slots underneath?The more correct way is to find an outlet that fits your a/c. Are you trying to hook a 110 to a 220 outlet? Even so you can change the outlet to match your power cord. Shut off the breaker that feeds this outlet and swap it out. If going from 220 to 110, just cap off the extra 110 feed wire and fold it up in the box. Use the remaining wires on the new outlet4. Dorms and cooling question, Evaporative (swamp) or air conditioner?You definitely need an air conditioner because, like you said, we do not have very many humid days. I have had friends buy swamp coolers because they are trying to save a buck and they end up having to buy an a/c.5. Air conditioner btu rating needed for 1500 sq ft home-need opinions?to top length an AC equipment call a qualified HVAC contractor and characteristic them carry out a warmth/COOLING analysis. which will furnish the coolest length required. employing sq. pictures on my own is not the magnificent thank you to length.
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