China’s growing middle class now demands cleaner air… while Beijing’s bureaucrats are working furiously to balance growth with pollution.
In March, China cracked down on polluting and wasteful cars using heavy-consumption taxes against cars with the biggest engines. Tax rates for big cars are nearly seven times higher than for the smallest ones. Adding 20 percent to the cost of an SUV is steering consumers away. Also, within two years China will mandate the strictest fuel-economy standards in the world forcing manufacturers to top every other industrialized nation. (Reuters)
In fact, the study finds, both young people and older people think that young people are happier than older people — when in fact research has shown the opposite. And while both older and younger adults tend to equate old age with unhappiness for other people, individuals tend to think they’ll be happier than most in their old age. 
