World Bank recalculates nations' economies, says that Chinese and Indian GDP are actually only 60% of what they earlier reported. Los Angeles Times has commentary... instead of China's $10 trillion economy soon catching the US at $12T, China's economy is half that of US and not catching up... military investments there won't be as effective as political machinations... dire impact for those pursuing a "global warming" campaign. Their summary:
"For Americans, the new numbers from the World Bank bring good news and bad. On the plus side, U.S. leadership in the global system seems more secure and more likely to endure through the next generation. On the other hand, the world we are called on to lead is poorer and more troubled than we anticipated."