How the World Works

Posts in January 2008

January 3
“Incoherence and utter failure”
Jerry Brown minces no words as California ushers in the new year by suing the EPA.
Betrayal: A Silicon Valley way of life
A Santa Clara chip equipment manufacturer accuses a Chinese competitor of stealing trade secrets. So what else is new?
January 4
The economic consequences of Huckabee
What would Jesus do in a recession? More tax cuts for the rich? Or a new New Deal?
Pop goes the solar bubble?
One analyst believes global demand for solar power is about to be swamped by oversupply. We should be so lucky.
January 7
Made in China: The Bible
One out of every 138 humans on the planet is a Chinese blogger, and other fun facts from the Middle Kingdom.
Time for an economic steroid shot?
Election year fun-and-games: With a recession looming, some economists are calling for an immediate middle-class tax break.
Wind turbines for Mongolian nomads
A visit to the World Bank’s Google Maps mashup is an exercise in obscure development project serendipity
January 8
A natural experiment in Republican biodiversity
When it comes to science, the Democrats walk in lockstep. But the GOP candidates for president offer a little something for everyone.
The Bush legacy: No fat for the lean years
After irresponsible tax cuts and a wild spending spree, governmental options for tackling an economic downturn are limited.
January 9
The plastic ATM machine
Credit card debt rose sharply in November. But what’s a trillion dollars, here or there?
The nanotechnological wonders of Damascene steel
A tale of “wootz” and Diocletian; Tamerlane, Tipu Sultan, and the Industrial Revolution.
Moody’s lament: Our job is too hard
The credit rating agency acknowledges that evaluating risk in contemporary financial markets is kind of a pickle
January 10
Reverse cricket imperialism
Who calls the shots in the global business of cricket? Middle-class Indian television viewers
Leafy green insulin
Is biopharmed lettuce the answer to a national diabetes epidemic?
Ben “tough guy” Bernanke puts up his dukes
Wall Street traders want more backbone from the Fed chair. Maybe he should just kick in their teeth
January 11
Bank of Countrywide America
His company a shattered wreck, CEO Angelo Mozilo now gets to go off and “have some fun.”
Why do the Chinese revile Blackstone’s Stephen Schwarzman?
James Fallows has been living in China and taking lots of notes. In this month’s Atlantic, he explains all.
What Hillary would do tomorrow, if she could
The action candidate lays out her plan for an immediate boost for the economy. Her timing couldn’t be better.
January 14
Barney Frank on the regulation warpath
The verdict is in on 30 years of “radical economic deregulation.” Guilty, guilty, guilty.
The Toyota Prius outraces the Ford Explorer
The king of the SUVs loses out to the little hatchback that could. Strangely, Mitt Romney neglected to mention this in Michigan
Brazil’s Orkut rule
Whenever possible, use digital media to subvert the cultural canon and defy hierarchy
January 15
How Wall Street broke the free market
When the likes of Kuwait and China are bailing out Citigroup and Merrill Lynch, capitalism as we know it has a problem.
Brave new grocery shopping
2008: The year shopping carts came alive, thanks to Microsoft
January 16
No debate on bankruptcy
All the Democratic presidential candidates now say the 2005 Bankruptcy Act was a bad idea. Americans looking at their credit card bills probably agree.
The socially responsible sovereign wealth fund
Here’s a tip for China, Abu Dhabi and Singapore: Norway’s investment strategy is truly radical. It’s ethical.
January 17
The odds for a U.S. recession just went up
More bad news from Merrill Lynch and a housing start meltdown. Ben Bernanke decides that some government action “could be helpful”
Ben Bernanke’s Goldman-Sachs secret
The Fed chairman displays a rare sense of humor during a Congressional hearing
January 18
Did somebody say recession?
The last time politicians fought over how to jump-start the economy, we all got paid. Can we now expect a check in the mail?
Running with the bulls (and PETA) in Tamil Nadu
A day the bullocks look forward to? A chance to sharpen horns and get some payback? See for yourself
The payoff from being environmentally correct
Do strict environmental regulations breed competitive (and profitable) innovation? Would it help to wish really hard?
January 22
Bernanke presses the panic button
As economic chaos spreads across the world, the Fed reveals its true agenda: Protecting the irresponsible traders who created this mess.
A failing grade in subprime literacy
President Bush urges ordinary Americans to get become more financially literate. “Did they know what they were getting into?”
January 23
The gloomy gospel according to George Soros
No ordinary bubble: The current financial turmoil signals the end of a 60-year “super-boom.”
The rate cut heard around the world
In one swift move, Bernanke rescued not just Wall Street, but Shanghai, London, Mumbai and Tokyo too.
January 24
Super insurance-commissioner-man to the rescue!
As capitalism teeters on the brink, a New York state regulator gives the stock market new reason to believe.
Bill Gates and Wal-Mart want to save the world
Call it Capitalism 2.0: Microsoft’s founder and Wal-Mart’s CEO say there’s got to be a better way.
Subprime: Word of the Year!
The stunned prize recipient could hardly contain its jubilation: “You like me, you really like me!”
Who do you trust on ethanol?
As California hammers out its Low Carbon Fuel Standard, getting the science right on biofuels is no easy task
January 25
No more food stamps. You’ve eaten enough
The fiscal stimulus deal ignores those who will need help the most. Is it because food stamps make people fat?
Guatemala’s nutrition lottery
Protein shakes doled out 35 years ago pay economic dividends down the line. Somewhere, Adam Smith is pleased
January 28
The long-term stupidity of global Hollywood
U.S. blockbusters get dumb to grab international market share.
The C.S. Lewis take on Gates and Wal-Mart
Fake it ‘til you make it: Can posturing by the titans of commerce signify true change?
January 29
Clinton and Obama on the streets of Beijing
If China had a Democratic primary, which way would the Middle Kingdom go?
Fragments of the Tocharian
How did Buddha get from India to China? And what does a 97-year-old translator in Beijing have to do with it?
The monopolist of doom visits Bangladesh
In the mangrove swamps and urban slums, Robert Kaplan sees a connection between global warming and Islamic extremism.
January 30
Economic growth slows from a sprint to near-paralysis
Fourth quarter U.S. GDP stats show the housing bust finally biting to the bone. What do the numbers mean for the election?
Seeking the cellphone future, in Kampala
If people want to share their phones, then there is profit in making phones that are easy to share
January 31
Dawning of the age of the Anthropocene
Millenium, schmillenium: Humans have made such a mess it’s time for a whole new epoch.
McCain: Greedy people should be punished
The senator from Arizona explains to the folks at the National Review why the GOP is losing fans in Pensacola, Fla.
Rupert Murdoch’s kowtow correspondence
As if we needed even more proof of News Corp.’s willingness to cravenly curry favor at every opportunity.
How Norway coddles its bikers
These Vikings should be ashamed of themselves. Everyone knows hill climbing builds character
The new improved Paulson plan
The U.S. government will become the investor of last resort. Get ready, America: You’re about to own Wall Street
Wall Street’s crazy day
Friday’s stock market zigs and zags were a Rorschach blot for how investors see the economy. Despair, joy, gloom, euphoria. Can we go home now?
Can you hear the sound of the economy stopping?
Grain shipments are stranded in port as international trade gets a credit check.
The sun never sets on a global panic
Asian and European markets follow New York’s stumbling footsteps. Can the world leaders now meeting in Washington make a difference?

About How the World Works

A conversation about globalization.

Recent Posts

Wall Street’s crazy day
Friday’s stock market zigs and zags were a Rorschach blot for how investors see the economy. Despair, joy, gloom, euphoria. Can we go home now?
Can you hear the sound of the economy stopping?
Grain shipments are stranded in port as international trade gets a credit check.
The sun never sets on a global panic
Asian and European markets follow New York’s stumbling footsteps. Can the world leaders now meeting in Washington make a difference?

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