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Patchesagain:hey, kill yourself with this from the guardian and economist in the UK:Even within Africa, South Africa's growth – wracked by high unemployment and industrial unrest – is sluggish compared to many of its neighbours, and its crown as the continent's biggest economy is under threat from Nigeria. A year ago Jim O'Neill, the global chairman of Goldman Sachs Asset Management who coined the term "Bric", told South Africa's Mail & Guardian newspaper: "It's just wrong. South Africa doesn't belong in Brics. South Africa has too small an economy. There are not many similarities with the other four countries in terms of the numbers. In fact, South Africa's inclusion has somewhat weakened the group's power. . One southie Zulu was even comparing India to south Africa. This article was written in 2103 before Nigeria bleeped you from the economic top spot. |
Patchesagain:south Africa sold morality for Yuan. When China invited South Africa in 2011 to join BRIC almost 10 years after it was formed, it was in exchange of your denying the Dalai Lama, the famous China critic visa into S.A FACT!!!Well after you sold your morality for yuan and international validation ( south Africa, and her citizen are really inferior in psyche and in selfworth) you got kicked out again. International analysts, institutions, economists still refer to the organisation as BRICs not BRICS. EVEN ONEIL THE FOUNDER DOESN'T RECOGNISE SA Deal with the truth for once in your life. |
Patchesagain:you have rendered yourself citation-unworthy. South Africa isn't a member . period. I have quoted and posted the links here yesterday. Whether you agree or not doesn't count . The spotlight have left south Africa for real. Your barking and permanent squatting on Nairaland won't change the fact. |
BarryX: and I shall be here to bash those Godless waste of womanhood back to the sewage they come from. |
Patchesagain:your first reason for disqualification and ultimate expulsion was the size of your GDP and infrastructure. I HAVE QUOTED AND POSTED THAT SOURCE HERE BEFORE. stop crying. |
Patchesagain:the name O'Neil is synonymous with BRICs. Stop being a cow. You only being disrespectful as an intellectual destitute by disassociating O'Neil from BRIC just to give s.a the relevance she lacks. |
mzilakazi:and international analysts, economic commentators does not recognise you or S.A as a member. In your foolish attempt to give relevance to S.A , you had the imbecity to discredit the founder and coiner of BRIC, O'Neil. Desperate zulu. I have quotes more than 4 sources dated 2015 that indicated S.A isn't a member. End of story. |
mzilakazi:S.A is more developed than India? you must have been infected with a Zulu witchcraft India a nuclear power, an IT giant, home to TaTa and Bollywood. If we sell your mumu on Nairaland , it will go round all its members and guests and still have enough to last you, Odè. Foolish idiot. |
FighterPilot:who says anything about having the biggest economy? It's about economic growth and prospects. And the founder and coined of BRIC and MINT is saying, "hey, S.A economy and infrastructure doesn't make her a member. ![]() I will give you a reality slap if you ever mention NIC to me again. I know you will quote some source on that and give us a link which are at best conceptual. S.A is a flag bearing developing country. Don't be a stupid Zulu. |
mzilakazi:that was when your GDP was relevant as the biggest on the continent. Now no one gives a jack s.a. that ibsa acronym is a desperate attempt at relevance. |
FighterPilot:inspite of all your online ramblings, Pretoria is really scared and uncomfortable. She expresses concerns behind clossed doors and make rash statement to the open press which you block headed Zulus take at face value. Zulu read the BBC polls:Africa debate: Is Nigeria ready to lead the continent? 23 June 2014 Africa Nigeria recently overtook South Africa to become Africa's biggest economy. But the country faces myriad problems - including a brutal Islamist-led insurgency, high levels of poverty, and widespread corruption. Can it now become the continent's leader? BBC Africa canvassed the views of both Nigerians and other Africans. Simi Fajemirokun, Nigerian Nigeria is already leading Africa by the sheer size of its population, its emergence as the largest economy on the continent and its cultural prowess via its music and film industry across the globe. History provides further evidence of this in Nigeria's peacekeeping role in West Africa, which brought stability to the region, quelling the civil wars in Sierra Leone and Liberia. So how well is Nigeria fulfilling its leadership role? At present, Nigeria's leaders lack a sense of awareness and purpose and this has led to confused policies and blunders such as the kidnapping of the Chibok girls, the passing of an anti-gay law and too many others to mention. This poor leadership also overshadows the amazing things happening behind the scenes, but as the old gives way to the new, a better Nigeria is being unveiled. From technology to fashion to music, Nigeria's next generation have revealed the open secret - that Nigeria was destined to lead Africa. Nigeria's Afrobeats stars Nigeria facts and figures Inside Nigeria's secret gay club Simi Fajemirokun is a management consultant in Abuja Simon Allison, South African N[b]o, is the view from Johannesburg. Economically, Nigeria's newly inflated gross domestic product (GDP) means very little here. We know that these are just re-arranged numbers on some bureaucrat's spreadsheet, and that our economy is still more diversified, sustainable and ultimately attractive to investors. Our real concern is political. Nigeria and South Africa are locked in a fierce tussle over who will be the African superpower, and Nigeria has just robbed us of our most potent advantage. South Africa's pre-eminence in continental affairs, and its membership of institutions such as the G20 and Brics , as well as a potential permanent seat on the UN Security Council, rests on its claim to be Africa's largest economy. That title now belongs to Nigeria, which is also Africa's most populous country. So, who should be represented on these bodies? South Africa's concerns are compounded by fears, expressed privately by government officials and diplomats, that chaotic, corruption-prone Nigeria is unfit to assume the mantle of continental leadership.[/b] Most South Africans would tend to agree: The perception persists of Nigerians as drug dealers and 419 scammers, making it hard for Nigeria to be taken seriously here. |
agaugust:as Abuja surpasses Pretoria in economy and power play, her desperate citizens are clutching at straws to gain anything in semblance of victory. |
FighterPilot:south Africa isn't anymore in bric. Safe your hidden pain masked with false laughter for the gullible. Pretoria knows the truth. |
FighterPilot:one Zulu goes out and a bigger Zulu comes in. 2015 economic summit is talking about BRICs not BRICS. No $375 billion economy is a world economic power. Wake up from your dream, boy. |
FighterPilot:stale. |
Patchesagain:2012 thank you, kid. |
Patchesagain:kindergarten attempt to deviate. South Africa isn't a bric nember. Funny thing is that you know but won't accept because it's a Nigerian forum . |
Patchesagain:that is why you aren't a member. You have no bragging rights whatsoever . |
Patchesagain:read here: O'Neil is the coiner and founder of that term, how on earth do you say no one gives a Jack about him? Because he said a south Africa with a small GDP isn't a BRIC member. ![]() http://www.investopedia.com/articles/markets/011315/just-forget-about-b-and-r-bric.asp |
Patchesagain:Patrick you just lack deductive reasoning. Despite the fact that what you quoted has been overtaken by facts, it is still a pointer that south Africa is a back door member whose membership has been generally agreed to be unmerited both by O'Neil , fellow bric members and international economic analysts. Tell me if bona FIDE members like Russia and Brazil are currently facing membership expulsion , why are you doubting the membership nullification of an ordinary invitee like south Africa? Reason: because you are patchesagain who is allergic to facts and NEVER owns up. |
Patchesagain:lolz, Patrick takes the bait every jacking time. No country in the MINT OR BRIC zone has a GDP of $375 billion dollars. Your expulsion has been a long time coming!!! |
Patchesagain:at last an implicit admission of dullness and clueless-ness from Patrick, the zulu . |
Patchesagain:I do not know what BRIC is, all the sources I quoted didn't know what BRIC is; O'Neil the founder and coiner doesn't know what BRIC is. Only one Zulu in Soweto knows what BRIC is ![]() |
agaugust: |
Patchesagain:hey! Common talk to me. |
Patchesagain:your clever attempt to interrupt my punches isn't working. Zulu Bric is not a political alliance . it is an economic term for the next economic power players which eventually didn't materialize. South Africa which the coiner and founder of BRIC didn't include was never an authentic member although she was included into the team in 2010 almost 7 years after it was formed. However after poor infrastructural deficit and economic stagnation , international institutions and analysis had to agree with the original coiner O'Neil that south Africa isn't a member. Presently as I type this the membership of Russia and Brazil are in serious consideration. The membership of S.A is a debatable matter ; she was never an official member to begin with. Olé BRIC ![]() |
Patchesagain:Ole BRIC. all the links I got for you are 2015. Take this one further January 8th 2015http://www.bloomberg.com/news/articles/2015-01-08/bric-in-danger-of-becoming-ic-says-acronym-coiner-jim-o-neill. |
Patchesagain:And the SANDF is notorious for propaganda, doctored reports and docility. |
Patchesagain:I choose to murder you still with facts. Ole BRIC nation. Read more : Brazil, Russia, India And China - BRIC DEFINITION OF 'BRAZIL, RUSSIA, INDIA AND CHINA - BRIC' An acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.http://www.investopedia.com/terms/b/bric.asp |
Patchesagain:You will kill yourself, ole BRIC. Menu Search BRIC in Danger of Becoming ‘IC,’ Says Acronym Coiner O’Neill 5:01 PM WAT January 8, 2015 Share on FacebookShare on Twitter Jim O'Neill (Bloomberg) -- Brazil and Russia’s membership of the BRICs may expire by the end of this decade if they fail to revive their flagging economies, according to Jim O’Neill, the former Goldman Sachs Group Inc. chief economist who coined the acronym. Asked if he would still group Brazil, Russia, India and China together as emerging market powerhouses as he did in 2001, O’Neill said in an e-mail “I might be tempted to call it just ’IC’ or if the next three years are the same as the last for Brazil and Russia I might in 2019!!” The BRIC grouping will be dragged down by a 1.8 percent contraction in Russia and less than 1 percent expansion in Brazil, according to the median estimate of economists surveyed by Bloomberg News. China is seen growing 7 percent and India 5.5 percent. The BRICs were still booming as recently as 2007 with Russia expanding 8.5 percent and Brazil in excess of 6 percent that year. The bull market in commodities that helped propel growth in those nations has since ended, while Russia has been battered by sanctions linked to the crisis in Ukraine and Brazil has grappled with an unprecedented corruption scandal involving its state-owned oil company. “It is tough for the BRIC countries to all repeat their remarkable growth rates” of the first decade of this century, said O’Neill, a Bloomberg View columnist and former chairman of Goldman Sachs Asset Management International. “There was a lot of very powerful and fortuitous forces taking place, some of which have now gone.” Growth Recovery The growth slump this year isn’t a new normal though and O’Neill sees expansion in Brazil and Russia partially recovering, helping the BRICs average about 6 percent growth per annum this decade -- still more than double the average for the Group of Seven nations. Their share of global gross domestic product will “rise sharply,” he said. O’Neill had previously estimated average annual growth of 6.6 percent for the BRICs this decade, a pace it was close to achieving through last year mainly because China exceeded the 7.5 percent annual average growth he estimated for the first three years, he said. Unlike Brazil and Russia, China is embracing economic change while India, after the election of Narendra Modi as prime minister and benefiting from low oil prices and a young labor pool, may have brighter prospects this decade than last, O’Neill said. With China and India spurring growth, the BRICs will remain the most dominant and positive force in the world economy “easily,” said O’Neill. China, India China growing at 7 percent will add about $1 trillion nominally to global output every year, O’Neill said. When measured by purchasing power parity, China’s growth adds twice as much as the U.S.’s, he said. India expanding at 6 percent will add twice as much as the U.K. in those terms, he said. “Their consumption is increasingly key for global consumption and which markets were amongst the world’s strongest in 2014? China and India both were up significantly,” he said. “So many investors are herd like, they probably have already forgotten the BRIC’s but it is silly. They are the most important influence in the world.” A prediction in his book, “The Growth Map,” that the BRICs economies would overtake the U.S. in size this year will be delayed likely until 2017 primarily by the drag from Russia, O’Neill said. The founding of the BRIC’s Development Bank signals the group’s influence in global economic affairs will rise, O’Neill said. By 2035, the BRICs will be as big as the Group of Seven nations while China is in “a reasonable position” to be bigger than the U.S. in 2027 and India may overtake France to become the world’s fifth biggest economy by 2017, “certainly before 2020,” he said. To contact Bloomberg News staff for this story: Kevin Hamlin in Beijing at khamlin@bloomberg.net To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net Rina Chandran Brazil Russia China India Oil Bull Market Ukraine Oil Prices Labor Photographer: Sofie Delauw/Getty Images WINE This $18,000 Bottle of Wine May Be Undrinkable There's only one way to find out. Cheers! by Thomas Buckley 1:32 PM WAT May 29, 2015 Share on FacebookShare on Twitter A bottle of one of the world's rarest wines sold for $18,000 at a London auction Thursday. There's just one problem - it may be undrinkable. The Chateau Mouton Rothschild 1945 went to a private collector in Europe, auction house Bonhams said. The selling price - which equals about $1,500 a glass and could cover a Learjet charter from London to Saint-Tropez - was at the low end of expectations because the vintage suffered from oxidation, according to Richard Harvey, Bonhams' global head of wine. The ullage, an industry term which refers to the space between the wine and the bottom of the cork, was below the neck of the bottle, '' which points to an increased chance of the wine being oxidized and undrinkable,'' Harvey said in an interview before the sale. Had it been in better condition, the 70-year-old bottle, part of a vintage described by critic Michael Broadbent as the "Churchill of wine," could have fetched twice the 10,000-pound ($15,000) to 15,000-pound range Bonhams had estimated in its sale catalog. The 70-year-old bottle of Chateau Mouton Rothschild. Source: Bonhams Even spoiled, the claret is sought after for its historical value. The V on its label, designed by the French illustrator Philippe Jullian to celebrate the Allies' victory over Nazi Germany in the Second World War, also represents triumph over difficult weather conditions for Bordeaux vineyards at the time, including heavy frost and a heatwave that led to a drought. At 11,750 pounds, which includes a fee of 1,750 pounds to cover administrative costs, the bottle's price would cover the full tuition for a year at the London School of Economics. In its catalog, Bonhams says ullage levels increase with age but the house only auctions wines it considers to be in sound condition. Don't Miss: How to Judge a Great Wine List Auctions Pursuits Pursuits Food Wine Terms of Service Trademarks Privacy Policy ©2015 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Website Feedback Help |
[b]“It is tough for the BRIC countries to all repeat their remarkable growth rates” of the first decade of this century, said O’Neill, a Bloomberg View columnist and former chairman of Goldman Sachs Asset Management International. “There was a lot of very powerful and fortuitous forces taking place, some of which have now [/b]gone.” Patchesagain:lolz Zulu and comprehension don't go hand in hand. What my post is telling you is despite your back door invitation by authentic BRIC members, the inventor and originator of BRIC is saying you are not a member. YOUR INFRASTRUCTURE and ECONOMY DO NOT QUALIFY YOU . Economists and analyst are saying you are not a BRIC country. Mind, this was in 2013 , it is a settled matter now, your ouster that is. Here is further proof: Note that countries are actually disqualified. |
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- Brazil, Russia, India, China and South Africa. Since 2011, the annual conference has been referred to as the BRICS summit.