After months of speculation, it’s finally official: the Chinese economy, as measured by GDP, is larger than the Japanese economy. In the second quarter of 2010, the Japanese economy was valued at about $1.29 trillion, the Chinese economy at $1.34 trillion. The gap will widen next year and for the foreseeable future. The swap of the number two and three spots in the world, behind the U.S., is heralded as (i) a sign of Chinese ascendance and Japanese stagnation; and (ii) proof of the superiority of the PRC’s state-led development …
[youtube]http://www.youtube.com/watch?v=esQTK-oSZXw[/youtube] In 2004 Governor Barbour passed comprehensive tort reform legislation in Mississippi. The state’s notorious reputation for “jackpot justice” has never recovered. In a recent op-ed Barbour wrote: The number of medical liability lawsuits against Mississippi doctors fell almost ninety percent one year after tort reform went into effect. Doctors have quit leaving the state and limiting their practices to avoid lawsuit abuse. Those dramatic results should be replicated on the national level, said Governor Barbour at the Heritage Foundation last week:
