Not sure what the US has been up to lately, aside from watching infrastructure collapse, and whole regions slide into a 3rd World-like abyss, but in China, located in the Binhai Cultural District in Tianjin, a new five-story library which covers 34,000 square metres has just opened. It can hold up to 1.2 million books. Taking just three years to complete, the library features a reading area on the ground floor, lounge areas in the middle sections and offices, meeting spaces, and computer/audio rooms at the top.
According to a newly published ranking, not only is China home to the world’s two fastest supercomputers, it also has 202 of the world’s fastest 500 such devices—more than any other nation. America’s fastest machine is in fifth place in the charts.
The world’s fastest supercomputer is still TaihuLight, housed at the National Supercomputing Center in Wuxi, China–capable of performing 93 quadrillion calculations per second, it’s almost three times faster than the second-place Tianhe-2. The Department of Energy’s fifth-placed Titan supercomputer, housed at Oak Ridge National Laboratory, performs 17.6 quadrillion calculations per second—making it less than a fifth as fast as TaihuLight.
Laurie Wolpert says
I wish we would invest in fixing our infrastructure, but China envy has some serious drawbacks. Apparently, they are planning to give each citizen a credit score. “The ambition is to collect every scrap of information available online about China’s companies and citizens in a single place – and then assign each of them a score based on their political, commercial, social and legal “credit.”- Yikes.
Mike Kuzma, Jr. says
Yeah, but we lead the world in ‘social justice warriors’ and does China have as many genders as we do? I think not!!!!!!!
And so many of OUR kids have self esteem…………can’t spell it, but have it.
Oh, liberalism………..you’ve done SO MUCH for America!!!!!!!!!!!!
Paul Plante says
China can do what China does because it is not wasting its future fighting real stupid wars all over the globe as we are doing, especially in Afghanistnam, where we have been fighting a losing war for as long as some young people in this country have been alive.
We think nothing of dropping thousands of expensive bombs on Syria, which we have actually done, at a huge cost to us, although it is great for the defense contractors and the politicians who own stock in them, but we balk at fixing things, because there is no real graft in maintaining things.
And to fight all those stupid wars, and buy those bombs, we have to borrow money from China, because we have none of our own, being seriously in debt as we are to the tune of $20,442,473,549,889 as of November of this year, and that debt is continuing to grow on a daily basis as we continue to bomb more nations back to the stone-age, taking us along with them as they go.
According to Politifact Virginia in partnership with the Richmond Times-Dispatch, when Randy Forbes said on Thursday, April 14th, 2011 in a press release, “Each day our nation pays communist China $73.9 million in interest on our debt,” Forbes got the numbers right and they rated his statement True.
According to the story “Randy Forbes says the U.S. pays China $73.9 million per day in debt interest” by Jacob Geiger on Tuesday, April 26th, 2011 at 6:00 a.m.:
When Rep. J. Randy Forbes voted against the budget compromise between President Barack Obama and Republican leaders earlier this month, he said the measure did not do enough to cut the nation’s debt.
Forbes, R-4th, said failure to address the nation’s borrowing weakens the United States and strengthens China, the largest foreign holder of U.S. debt.
The representative is chairman of the Congressional China Caucus and often discusses that nation’s growing military power.
“Each day our nation pays communist China $73.9 million in interest on our debt, money that is allowing them to aggressively modernize their military and increase their global influence,” Forbes said in an April 14 press release.
Forbes’ number — $73.9 million a day in interest payments to China — left our heads spinning.
We set out to see if it was right.
end quotes
That number should set everybody’s head in this country spinning, but Americans have become so braindead that nothing fazes them anymore, especially debt, since so many Americans themselves are deeply in debt.
According to a MARKETWATCH article by Steve Goldstein published Nov 14, 2017,
household debt in this nation rose by $116 billion, or 0.9%, to $12.96 trillion in the third quarter, the New York Fed said Tuesday, with 4.6% of credit card debt 90 days or more delinquent, up from 4.4% in the second quarter, and 2.4% of auto loan debt seriously delinquent, up from 2.3%.
Getting back to the Politifact article:
First, a little background.
The total federal debt, as of April 22, was $14.29 trillion.
Of that amount, about $9.65 trillion is called public debt, which refers to all federal securities held by institutions and individuals outside the U.S. government.
That includes China and other foreign nations.
Our discussion and calculations for this fact check, as well as Forbes’, are based on the public debt.
China buys U.S. Treasury bonds in public auctions, the same way other nations and investment companies purchase our debt.
The Treasury Department said that as of February 2011, China, along with Chinese companies and investment groups, held $1.15 trillion in U.S. debt.
Japan was the second-largest foreign holder, at $890.3 billion, with Great Britain third at $295.5 billion.
In total, about $3.16 trillion of the U.S. public debt, or 33 percent, is held overseas.
In fiscal 2010, which ended Sept. 30, the federal government spent $197 billion on interest payments for public debt, according to the Congressional Budget Office.
If we divide that by 365 days, we reach an average daily interest payment of $539,726,027.
On Sept. 30, 2010, China held about 12.8 percent of the U.S. public debt.
If we assume China got 12.8 percent of our interest payments, it would have received roughly $68.9 million per day during fiscal 2010.
Forbes based his comments on fiscal 2011, in which the CBO estimates the government will spend $225 billion, or $616,438,356 per day, on interest payments.
China held 12.1 percent of public debt at the end of February.
So if the 2011 estimates hold and China holds the same proportion of debt throughout the year, it would receive about $74.4 million per day.
Forbes made his calculations with the March 16 public debt figures.
That explains the $500,000 difference between his calculation and ours.
Let’s review:
Rep. Randy Forbes says the United States pays $73.9 million per day in interest to China.
He based his statistic on the percentage of U.S. debt held by China and the CBO’s estimate of how much we will spend on interest payments during the 2011 fiscal year.
We looked into the numbers and discovered that based on CBO and Treasury Department data, China likely received about $68.9 million per day during the 2010 fiscal year.
Based on the nation’s February holdings and the CBO data, China should receive about $74.4 million per day in payments during the current fiscal year.
Forbes got the numbers right.
We rate his statement True.
end quote
There goes our future, people, as we fight our way into third-world status on borrowed money.
What fools us, and in the meantime, the Chinese are laughing all the way to the bank while using, our money to modernize their country while ours goes to ruin.