A wave of government bailouts around the world and a sharp deterioration in existing infrastructure could lead to as much as $35 trillion in public works spending over the next 20 years, according to a new study by CIBC World Markets.

Walk less than a mile from my mother’s home in South Africa’s lush Eastern province of Kwa-Zulu Natal and the smell of curry will never be far away. There are more than a million Indians in South Africa. Many South African Indians are descendants of labourers. Most came in the mid-19th century to work the sugar farms…and of course the coal mines!