How the World Works

The Toyota Prius outraces the Ford Explorer

Robert Rapier passes on the news that in 2007, Americans bought more Toyota Priuses than Ford Explorers -- for years the best selling sport-utility vehicle in the United States.

Dani Rodrik, meanwhile, relays the following quote from Republican Presidential candidate Mitt Romney, currently stumping in Michigan.

Here in Michigan, the skies are cloudy all day, the trees are all the right height, people talk without an accent and most of the cars on the road are American made -- as they ought to be.

Romney, by the way, opposes increased fuel efficiency standards for cars sold in the United States.

Prelude to the debate: Dow falls 508
Character assassination may lose its appeal after two very bad days for Wall Street and Main Street.
Krugman: "We are all Brazilians now"
Balance sheet contagion rules the global economy. "Interdependence" is becoming a dirty word.
Another step toward nationalizing the finance sector
Reactions to the Fed's plan to lend directly to businesses. Plus: Rachel Maddow interviews Paul Krugman.
Another day, another radical Fed plan
The bailout is so last week -- Bernanke and friends are plotting a new dramatic government "rescue" attempt

About How the World Works

A conversation about globalization.

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Krugman: "We are all Brazilians now"
Balance sheet contagion rules the global economy. "Interdependence" is becoming a dirty word.
Another step toward nationalizing the finance sector
Reactions to the Fed's plan to lend directly to businesses. Plus: Rachel Maddow interviews Paul Krugman.
Another day, another radical Fed plan
The bailout is so last week -- Bernanke and friends are plotting a new dramatic government "rescue" attempt

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