I believe we will continue to read these kind of news.  Deep Fritz, a chess computer, just beat World chess champion, Vladimir Kramnik.  On a six game encounter, Deep Fritz won two and four ended in draws.

IN an encounter in October 2002, Kramnik and Deep Fritz were even after eight games.

The computer grew more powerful — the human did not, which only means pretty soon, we foresee a desktop chess computer will soon beat almost everybody.

What of course we see, is that it is easy to clone Deep Fritz - you can easily replicate thousands of these chess machines, while talent like Kramnik are only one in a hundred million, and will probably take at least 10 years to 20 to become really good.

So where do you put your money — in machine or human intelligence?  What is the future of the human race?

This article below entitled the Chinese Monkey Trap ( aka. How outsourcing will Destroy America), how China has America in the neck by manufacturing everything.

While I may not agree with the conclusion, I do agree with the writer that China is powerful because they are determined, they are hardworking, and they want to have a good life for themselves and their families, and they are willing to pay the price.

I believe and rightfully agree with the author what is going to kill America is complacency  ( and greed).  If you want to be ahead, then you have to be focused.

China now can do most jobs 90% as well as America for less than half the price.  Pretty soon, they will be able to do the jobs 100% as well as America for still less than half the price.  This is something that America should rethink — and think about constantly how to continually stay ahead of the curve.  Americans are good financial engineers — they know how to maximize their mortgages, and optimize their credit and stock holdings- but at the end, more other skills - primarily those in making and producing things are needed to stay ahead of the curve.

During the visit in Beijing earlier in August, we were guests to a conference where a senior Chinese economics official spoke.  And he said, ” The Americans complain we are getting their jobs.  But look at the economics — A Nike Shoe in a US store is selling for $120 dollars.  It is being bought by a Chinese factory at around $3 dollars.  So for the $120 that the American consumer pays, $3 goes to the Chinese manufacturers, while the rest goes to American companies doing logistics, branding, distribution, and other services.  If China can get rich by manufacturing the actual shoe for less than 5 percent of the total value chain, it is not fair to be begrudging us while you continue to take a bigger piece of the pie.”

The point is clear — no policy can hold back a wave when a group of determined people is willing to work twice as hard, in an environment that is twice as difficult for a a paycheck that might be less than a quarter of the price.

The Seoul Times

I learned a shocking truth the other day, is this a big secret or a joke, I am not sure what it is, but it is scary, and disheartening, you better sit down for this one. EVERY THING IS MADE IN CHINA! Turn it over and discover what’s on that label on the other side of your shorts.