How the World Works

Posts in March 2008

March 3
The chronicles of Austan Goolsbee
Obama's economic advisor admits he talked about trade with Canadian officials. But he was misquoted! Except he was telling the truth!
Who is, or was, Big Oil's candidate?
Clinton beats Obama and McCain. But nobody currently running for president comes close to the real winner.
Won't get subprime fooled again
Has the world learned its lesson? If you want to grow up tall and strong, don't eat toxic waste?
John McCain's permanent tax cut revolution
He voted against 'em, but now thinks they're the cure for an economy headed to nowheres-ville. Maybe he'll explain this paradox in a "fireside chat"
March 4
The iPod economy's sad song
What do sales of memory chips and iPods, along with rising bankruptcy filings, tell us? Nothing good.
A primer in plug-in hybrid economics
How many cars can Californians plug into the grid before new power plants are necessary?
Gary Gygax's final quest
The co-creator of Dungeons & Dragons is dead. Let's all stop playing World of Warcraft for a minute, and remember him.
Did the Mayans make their own climate change?
Satellite imagery suggests the severe droughts that plagued Mesoamerica's ancient civilization were self-inflicted
Exit polling suggests Texan voters are anti-trade
Bad news for Obama? A majority of Texans say trade is bad.
March 5
Steamship globalization and Ohio's manufacturing jobs
Who is to blame for unfair global trade? How about the Industrial Revolution?
Give us your poor, your tired, your genetic modification experiments
A French biotechnology company moves its research to the U.S., citing domestic issues. As in, France hates Monsanto.
Norway's moon shot
Who says burying carbon dioxide in caverns beneath the sea will never work? Norway's been doing it for a decade
March 6
Hacking into Freedom City
"The Gulag Archipelago" meets "Counter-Strike" in China. Your mission, should you choose to accept it: Deliver milk powder.
Twilight of the hedge funds
Carlyle Capital can't meet its margin calls. "Deleveraging's" widening gyre continues to turn.
Countrywide and the "left-wing anti-business press"
How dare journalists criticize Angelo Mozilo's big fat honking utterly undeserved executive compensation?! Have they no respect?
The great homeowner equity depression
As economic catastrophe looms, the mortgage industry, with the help of Republicans, fights to stop the government from making a real difference
March 7
The super-bollworm cometh
The first bug to evolve resistance to toxins in genetically modified cotton has arrived. Should we run screaming for the hills?
The best subprime headline ever
Ever wondered how thrash metal pioneer Dave Mustaine feels about foreclosures?
March 10
Presidential elections: They're a gas, gas, gas
Crunching the numbers on the relationship between gas prices and control of the White House
Free drugs from your faucet
The Associated Press discovers that our drinking water is loaded with drugs. Ho hum
Paying the polysilicon piper
Are German solar power consumers responsible for toxic waste dumping in Gaolong, China?
Eliot Spitzer's monumental fall from grace
In the post-dot-com, post-Enron era, the attorney general of New York landed some uppercuts on the high and mighty. But now he's the one lying on the mat. By his own hand.
March 11
Another day, another $200 billion liquidity injection
Don't call it a bailout! The Fed rides to the rescue yet again, but those cavalry horses must be getting tired.
Who killed public transportation?
High gas prices are boosting train and bus ridership to levels not seen since the 1950s. What happened back then?
Paul Krugman flies to outer space
A science fiction geek's delight: Aliens, interest rates, relativity theory and Isaac Asimov jokes
March 12
Homeowners learn a home equity lesson
Which bill should you pay last? How about the one from the lender who can't take your house?
The Okefenokee titanium dioxide blues
From a Pleistocene beach to your Oreo cookie, some white pigment which may or may not brighten your day.
March 13
Economists surprised consumers aren't superhuman
Retail sales plunged in February, sending financial markets into a tizzy. Who could have predicted such a shocker?
Life and death and bicycling
Cheers to Rep. Earl Blumenauer and his efforts to boost government support for cycling. And tears for the greatest bicycle geek of them all -- Sheldon Brown.
The Twittering of Ben Bernanke
Minute-by-minute, behind-the-scenes updates from the busy Federal Reserve chairman, live to your iPhone. Talk about your new, new media
March 17
Nightmare on Wall Street
Another emergency rate cut, and investment bank Bear Stearns goes on the auction block. The canary in the coal mine? It's dead.
George Bush's reality distortion field
The president appraises Wall Street's performance Monday morning.
A 1930s history lesson
Protectionism on the rise, bickering about exchange rates, the debilitating costs of war -- where have we heard this story before?
March 18
High tide for the Reagan revolution?
What does Bear-Stearns's collapse portend for the ideology of deregulation?
The Bear-Stearns Microsoft/Yahoo connection
Microsoft hired Bear-Stearns CEO Alan Schwartz as an adviser on its Yahoo bid. Are Schwartz's woes a hopeful sign for the Silicon Valley software giant?
Who predicted the credit crunch abyss?
One year ago, Ben Bernanke got it wrong. But even earlier, another Federal Reserve official was signaling the alarm.
Borshch in the post-USSR
Everything you didn't know you wanted to know about the old Soviet Union's unifying cuisine
The last rendezvous with Arthur C. Clarke
Back in the day, 50 cents would get your mind blown. Thanks for the psycho-computers and ominous aliens, Arthur.
March 19
"Free" trade has a price, President Bush
In Jacksonville, Fla., Bush praises the benefits of trade, but in Washington, helping workers who get burned by the global economy isn't his priority. Too bad for him.
Architecture of a recession.
Another economic indicator goes cliff-diving: Will the commercial construction industry be the next domino to fall?
Easy money days are here again?
Greenspan's post-dot-com-bust rate cuts spurred the biggest spending binge in recent American history. What will Bernanke's Fed accomplish?
March 20
"The Beijing Olympics debacle has begun"
Riots and death in Tibet, out-of-control pollution, protests over Darfur: Beijing's ready for its close-up!
A Bear Stearns (im)morality tale
Who pocketed the most millions from Wall Street's biggest embarrassment? Was it the guy originally blamed for creating the mess?
The "War and Peace" of "Space Invaders"
Please, I beg of you -- don't press that button! You have no idea of the heartbreak you will wreak
The sad case of the wiggly chapati
Will a change in U.K. immigration laws doom the most savory relic of the British Empire?
March 21
Barney Frank's new, improved Federal Reserve
Don't you just love the smell of regulatory napalm in the morning?
How did China learn how to spin Tibet?
One well-known Chinese blogger suggests we can look to the White House for the answer.
Welcome to the compact fluorescent twilight zone
When does it not make environmental sense to switch from incandescent lightbulbs to CFLs?
March 24
Bear Stearns proves tantrums work
Shareholders in the investment bank pouted, screamed, stamped their feet and got what they wanted: A better bailout.
Stick-figure Web-comic Sanskritology
The popularity of "xkcd" explained, courtesy of a 2,000-year-old Sanskrit text.
Hillary Clinton's plan to fix the economy
Clinton gave a good speech on her plans to address the nation's economic woes. But do we really need more help from Alan Greenspan?
March 25
A taste of North Korean beer propaganda
Just because it's hyperbolic and historically inaccurate doesn't mean it's wrong
Consumer pessimism
Not since the unlamented days of the 1973 oil embargo have Americans felt as gloomy about the economy as they do now
John McCain's plan to ignore the economy
No "election-year politics," promises the senator. And no substantive policy proposals, either.
McCain-onomics: A tax cut in every corporate pot
The candidate's economic advisors explain how getting rid of the capital gains tax will ease the credit crunch
March 26
The light-bulb wars switch on again
Wanna be warm? Get an electric heater, and get rid of your incandescents, say a chorus of compact fluorescent supporters.
Who killed global capitalism?
A "lost decade" for stocks? The "high water mark" of financial deregulation? Who pulled the trigger?
Bye-bye, Antarctica?
Another big chunk of ice starts to crumble way down south. But is the continent as a whole warming or cooling?
March 27
The resurrection of John Maynard Keynes
Eclipsed by the ascendancy of Milton Friedman, laissez-faire's most determined antagonist is back in fashion.
Obama's plan to change the economy
The new economy needs new rules, declares the candidate. His timing could not be better.
Kicking the gas-guzzling habit
Guess what? Americans do know how to drive less. All you need are record gas prices and a recessionary economy
Bonfire of the Bear-Stearns vanities
It's time to trim the fat on Wall Street. No more fancy curtains for "the wife"
March 28
Can McCain starve the supply-side beast?
What's it going to be: Tax cuts to raise revenue, or lower revenue to force spending cuts?
Whatever happened to the great ARM reset crisis?
Why we shouldn't trust a contrarian opinion arguing that 2008's mortgage rate hike won't be so bad, after all.
De Beers bends the knee to Botswana
Now raw diamonds will be processed in Africa, instead of Antwerp. But what will China and India think of that?
March 31
King corn takes a hit
Soybeans are back in farmer favor as fertilizer prices spike. But whatever happened to oats?
A bad week for buffalo mozzarella
China is the latest to ban imports, citing dioxin concerns. But how did the seventh century barbarian nomad Avars get involved in this mess?
Paulson's bogus plan to regulate the markets
Derivative traders have nothing to fear: The "Blueprint for a Modernized Financial Regulatory Structure" makes that crystal-clear.
The audacity of free trade
One month after NAFTA-gate, it's time to look back and see what exactly Barack Obama said about trade, in "The Audacity of Hope"
A note on the blog
Strange, mysterious absence of posting explained
Recycling the old bicycle
Another entry in the $4-a-gallon consumer behavior modification logbook.
The deep structure of kung fu panda-monium
An expert in modern Chinese literature takes on the cultural significance of Dreamworks' martial arts cartoon
Growing pains for Kiva
Call it Web 2.0: The African version. The online microfinance lending site stumbles, but doesn't get knocked down

About How the World Works

A conversation about globalization.

Recent Posts

Recycling the old bicycle
Another entry in the $4-a-gallon consumer behavior modification logbook.
The deep structure of kung fu panda-monium
An expert in modern Chinese literature takes on the cultural significance of Dreamworks' martial arts cartoon
Growing pains for Kiva
Call it Web 2.0: The African version. The online microfinance lending site stumbles, but doesn't get knocked down

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