In my experience, female bosses tend to be better managers, better advisers, mentors, rational thinkers. Men love to hear themselves talk. I’m so generalizing. I know I am. But in a couple of places I’ve worked, I would often say, “Call me 15 minutes after the meeting starts and then I’ll come,” because I will have missed all the football. I will have missed all the “what I did on the golf course.” I will miss the four jokes, and I can get into the meeting when it’s starting.

Young women are drawn nonetheless to Cinderella stories like that of Eri Momoka, a single mother who became a hostess and worked her way out of penury to start a TV career and her own line of clothing and accessories.

“I often get fan mail from young girls in elementary school who say they want to be like me,” said Ms. Momoka, 27, interviewed in her trademark seven-inch heels. “To a little girl, a hostess is like a modern-day princess.”

In general, engineering schools produced the best starting salaries, and represented eight out of the top 10 schools in starting salary. On the other hand, Ivy League Schools are the best bet for mid-career pay, with five out of the top 10.

In a real sense, these are eight things that are better than free. Eight uncopyable values. I call them "generatives." A generative value is a quality or attribute that must be generated, grown, cultivated, nurtured. A generative thing can not be copied, cloned, faked, replicated, counterfeited, or reproduced. It is generated uniquely, in place, over time. In the digital arena, generative qualities add value to free copies, and therefore are something that can be sold.

Lu Hong, the program officer for renewable energy in the Beijing office of the Energy Foundation, a nonprofit group seeking to support sustainable energy, said that China was willing to invest heavily in renewable energy industries, even though wind and solar energy costs are higher than for coal, precisely because it helps the Chinese economy.

“The Chinese government won’t consider such a big solar industry without considering the building up of the domestic industry,” she said, adding that China’s policies will also help address global warming.

Anchors aweigh

There is, however, some sign of hope on the horizon: China.

"It's the only game in town," according to Mr Le Feuvre.

"It is single-handedly lifting the dry sector (trade in coal, metal ores and other raw materials) out of recession," he says.

"Ten months ago, owners of Capesize bulk carriers (ships carrying 150,000-170,000 dead weight tonnage used for the transport of, say, iron ore and coal) were effectively transporting cargo for free at charter rates of $5,000 a day."

On 8 July, rates hit $67,000 a day.