How the World Works

Posts in May 2008

May 1
500,000 new jobs -- are we supposed to be impressed?
Treasury Secretary Hank Paulson tells Wolf Blitzer the economic stimulus plan will result in half a million new jobs. It's about time.
My Laughing Buddha is smirking
Extinguish desire? What a joke. This fat man just wants a belly rub and a chortle.
A paltry $11 billion profit for Exxon
It's all gloom and doom for the biggest oil company on the planet. Despite near-record revenue, analysts are discouraged.
Who pays the most for gas?
Answer: Turkey. But that's not stopping traffic in Istanbul. Plus: The Prius continues to stomp all over the Ford Explorer
May 2
When do we know the worst is over?
The April jobs report: Not so bad. The price of oil: Down just a bit. The credit crunch: Subsiding?
Watch "The Love Guru": Go to hell
The punishment promised by Hindu fundamentalists for those who merely view the Mike Myers comedy is no joke.
The economic "stimulus" bonanza needs a new name
Forget about that shopping spree -- the President says rebate checks will help us cope with rising energy and food prices. Hey, it's not as humiliating as food stamps
Who needs a fancy hybrid? Get a camel!
Don't call it a comeback: In Rajasthan, the rising price of oil means camels are a hot commodity
May 5
Hillary Clinton throws economists off the bus
But it's not just the dismal scientists she is disavowing with her charges of oil market manipulation.
Gas-guzzling China
Those SUVs Americans aren't buying anymore? Ship 'em to Shanghai.
Even Las Vegas gets the blues
Revenues are down, disproving the "gambling is recession proof" theory. But hotel rooms are up, up, up
May 6
Now, Paul Krugman throws economists off the bus
His colleagues are making too big a deal about Clinton's gas tax holiday proposal, he says. Where's the solidarity, Paul?
Peak oil explains lack of UFOs
Why is there no evidence of alien space-faring civilizations? Maybe it's because the cost of jet-fuel got too high
May 7
David Lereah takes a turn as Chicken Little
The former optimist in chief for the National Association of Realtors is no longer a font of housing hope.
Genetic modification kills sex drive in trout
British fishermen are jubilant: The altered fish are easier to catch.
The general election and the economy
If a down economy spells doom for the incumbent party, why is McCain doing so well in national polls? Paul Krugman has a possible explanation.
May 8
Are we in a recession or not?
The president's top economic advisor says all's well, and Wal-Mart reports decent April sales. But a closer look at the data shows that the economy has been steadily slowing since January.
A salute to Anacharsis Cloots
So what if imagining that there were no borders got the 18th century "Orator of the Human Race" a date with the guillotine? His heart was in the right place.
Are laptop PCs the environmentally correct choice?
They use less power, and they are gradually replacing desktops everywhere, but small is not necessarily beautiful.
Here comes the polysilicon sun
Solar panel production boomed in 2007, even with high prices for a key resource. But now polysilicon prices are beginning to drop...
May 9
The indie-rock fall and rise of R.E.M.
Overheard on college radio: A home-coming of sorts for an old-school "alternative"
The sacrificial mosquito fish of Contra Costa County
The cycle of life: From home foreclosures to bird droppings.
Economics 101: Obama vs. McCain
And then there were two. In a speech delivered by Obama in Oregon, Hillary Clinton is yesterday's news
May 12
Tough times for pawnshop operators
Bad times are supposed to be good for the people who help you hock your jewelry. But not this time around?
The peak oil culture wars
Do conservatives oppose conservation because they don't like taking the bus? Or because they're terrified that those dirty hippies were right all along?
More rice than ever before
The 2008 rice harvest will be the biggest of all time. That's a good thing too, because our appetites keep growing
May 13
China's earthquake and the Mandate of Heaven
In Chinese history, natural disasters are often accompanied by a change in dynasty. Don't hold your breath
Ben "Iron Man" Bernanke
The "most powerful Fed chairman ever"? What happened to that unassuming, oh-so-serious economics professor?
How to stop illegal Canadian immigration
Tom Tancredo says we need a fence on the northern border, too. At least one Canadian vociferously agrees.
May 14
A new, improved bubble-popping Fed
If Greenspan were dead, he'd be turning in his grave. Bernanke and Co. may be considering a significant change in how the Federal Reserve manages the economy
A Strategic Petroleum Reserve flip-flop
On second thought, maybe halting purchases of oil for the SPR could make a real difference.
Wal-Mart's "Faded Glory"
Disposable, foreign-manufactured Americana: This brand name speaks the truth.
May 15
Connecting the dots between Big Tobacco and DDT
Who is responsible for the campaign against Rachel Carson? Re-introducing Mr. Steve "Junk Science" Milloy
May 19
"The Man Who Loved China"
Who knew that the greatest English-language historian of Chinese science was an avid nudist and accordion player?
New world consumers
Will a shopping spree in the rest of the world change American views on trade?
Life at the bottom
In Sacramento County, the housing market is suddenly booming again. All that was required was for prices to come down -- a lot.
What's the matter with China?
Salon's readers take up "the Needham question" and come up with some provocative explanations as to why China had no Industrial Revolution.
May 20
How is the housing bust like Hillary Clinton's campaign?
The real estate industry and the Senator from New York both blame the media for their woes
Fun and games with inflation numbers
Why does the U.S. government say energy prices fell in April, when everybody knows they're going up, up, up?
Big Pharma and the bullies
After getting kicked around by the likes of Thailand and Brazil, the pharmaceutical industry suddenly realizes, hey, maybe there's money to be made by lowering prices.
The United Auto Workers vs. California
Attempts to regulate greenhouse gas emissions "discriminate" against the makers of SUVS, complains the UAW.
May 21
Did a coding error contribute to the credit crunch?
The Financial Times reports that flawed code resulted in Moody's mistakenly giving high ratings to structured financial products
Newt Gingrich's fantasy land
The former speaker of the house blames high gas prices on left-leaning politicians who want to save the environment. Even if he's right, he's still deluded.
The rules of globalization
The real threat to the global trading system isn't posed by anti-globalization activists, says Dani Rodrik
American Airlines' plan to save the planet
How charging fees for checked baggage will stop climate change.
May 22
The Wall Street Peak Oil Journal
As crude prices set another record, the Journal publishes its gloomiest assessment yet of the oil market
A Chinese aircraft carrier paradox
Was the 17th century admiral whose name has reportedly been given to a Chinese naval vessel a traitor or a patriot? Or both?
Paul Wolfowitz's next disaster
What's a guy do after orchestrating a failed war and bringing the World Bank to a screeching halt?
Even Congresswomen get the foreclosure blues
A newly elected Long Beach Democrat walks away from her mortgage; neighbors infuriated by unmown grass
May 23
When corn senators attack!
Defenders of ethanol, unite -- you have nothing to lose, except maybe your subsidies.
Crashing the economic stimulus party
The rise in oil prices may cancel out those government checks
Can Obama do more than "nudge"?
Government by Obamanomics is surmised to be a government that suggests and encourages, rather than intervenes. But will that be enough if the economy gets worse?
China's tofu construction
A rescue worker's lament while searching the rubble in Sichuan. Plus: Three minutes of no searching, in honor of the dead
A jumbo loan metaphor
What do the politics of Oregon and Kentucky have to do with how big a home loan Freddie Mac is allowed to purchase?
May 27
Phosphate gold
The price of fertilizer is rising faster than the price of gasoline. That's saying something
Stop your motor running
The summer driving season just began, but if spring's example is any indicator, Americans are going to stay home. And the world says thank you.
May 28
John McCain's subprime taint
His economic advisor, Phil Gramm, is a banking industry lobbyist working to shape mortgage reform legislation. Should we care? Isn't that what Republicans are supposed to do?
McCain explains why the U.S. is on the "wrong track"
Americans are upset with the country's direction, he says, because Congress won't approve free trade deals. Is the man even paying attention?
Let the (prison) sunshine in
At California's green bleeding edge: Solar powered penitentiaries
May 29
Soap opera social engineering
In Brazil, the data suggests that prime-time programming contributed to a national decline in fertility rates.
It's a gas gas gas
An exploration of record U.S. gas prices
A boneheaded Bush administration lecture on science
The secretary of agriculture instructs the rest of the world to pay more attention to scientific fact. Who is he kidding?
Introducing ... Treasury Secretary Phil Gramm?
Guess who made sure the U.S. government wasn't watching when Wall Street went bonkers with credit derivatives.
Hope in the midst of Chinese pollution?
James Fallows says all is not lost in the battle to save China's environment. But the odds sure look daunting.
May 30
Who let the oil market be manipulated?
Now that the federal government is finally requiring more disclosure from energy traders, we can start pointing fingers. Phil Gramm, the white courtesy telephone is ringing, again.
All things gas-price-related considered
A time out from blogging while HTWW visits the old media
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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