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Oil booms leave the poor in the dark

23 minutes agoBusiness & Finance / Economics : Vox

One of the biggest challenges in fighting poverty is to know where it is. This column describes a new way to measure poverty by using satellites to count people who live in darkness at night. This shows that the economic benefits of oil booms don’t trickle down to the very poor.


I got a call from a friend in Washington who knows more about political polling than anyone in...

McDonald's operator responds to claims of worms in burgers

Customers reported finding worms in food at fast-food chain's restaurants in two Kentucky communities

Yascha Mounk on Twitter: "Via a friend: "The French police were here.""

Live from Sarkozy-Le Pen Land: Yascha Mounk: _[Via a Friend:][]_: [Via a Friend]: Via a friend: "The French police were here."— Yascha Mounk (@Yascha_Mounk) August 27, 2016

Procrastinating on August 27, 2016

Over at [Equitable Growth]( Must-Reads: _[A Brief History of (In)equality: No Longer So Fresh at Project Syndicate - Equitable Growth][]_ _[Why Do We Talk About "Helicopter Money"? - Equitable Growth][]_ Matt Markezich: _[Weekend reading: "Down the Jackson Hole" edition - Equitable Growth][]_ Nick Bunker: _[How U.S....

How sellers are "living the dream" through Etsy

Etsy expands reach beyond online marketplace, allowing sellers to pitch their products directly to major retailers

Weekend Reading; Joe Seligman (1983): Can You Beat the Stock Market?

No, the stock market is not an "efficient" price discovery mechanism in any sense. But you are almost surely not one of the people who can exploit this to make a lot of money easily: Joe Seligman (1983): [Can you beat the stock market?]( >FORTUNE — Most people interested in...

For the Weekend...

_[Guinness: noitulovE (2005)][]_: [Guinness: noitulovE (2005)]:

Liveblogging World War I: August 26, 1916: Harry S. Truman to Bess Wallace

Harry S. Truman: _[Letter to Bess Wallace][]_: >Commerce, Okla. August 26, 1916 >Dear Bess: >Your very good letter came day before yesterday in the morning but I have been so hard pushed trying to raise this week's payroll that I couldn't write. I succeeded in doing it, although I hope...

PPP demystified

It is clear from the comment section to the previous post that there is a lot of confusion about PPP.  Let me try to illustrate the basic ideas with an example, since my words don’t seem to be making an impact. Assume that Saudi Arabia has a nominal GDP of $1000 billion, of which $600 […]

Low interest rates: They are not easy money, and they're here to stay

(August 27, 2016 10:25 AM, by Scott Sumner) In recent months the rest of the world has finally begun to accept the market monetarist view that interest rates are likely to stay low indefinitely. But there's still a lot of confusion as to the reasons why. The Financial... (0 COMMENTS)

Business Groups Aim to Strong-arm CFPB on Arbitration

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She now spends most of her time in India and other parts of Asia researching a book about artisanal textile workers but also writes regularly about law, political economy, and regulatory topics for various consulting clients and publications. She also writes […]

Financial advice for parents sending a child to college

If you're one of the throngs of families sending a child off to college, you'll need to make a lot of financial decisions in a short period of time. Jill Schlesinger reports on where to start.

Interest Payments on the Debt Have Fallen to 0.8 Percent of GDP, So WaPo Wants to Cut Social Security and Medicare

Both parts of the that headline are true, although the Post did not connect them in exactly this way. It's editorial instead highlighted the debt-to-GDP ratio, trying to hide from readers the fact that the real burden of the debt is near a post-World War II low. This is a classic case of the ends justifying the means. Show More Summary

Schedule for Week of Aug 28, 2016

The key report this week is the August employment report on Friday.Other key indicators include Personal Income and Outlays for July, the Case-Shiller House Price Index for June, the August ISM manufacturing and non-manufacturing indexes, August auto sales, and the July trade deficit. Show More Summary

Is Toothpaste Dangerous to Your Health?

The US relies on industry self-regulation of personal care products, thus exposing consumers to harms, in contrast to Canada, Europe, and Japan.

Hidden productivity benefits from energy-saving technology

Energy-efficient technologies are an increasingly relevant policy priority, given growing consensus on the need to tackle climate change. This column examines the productivity benefits of adopting one such technology – LED lighting – for manufacturing firms in India. Show More Summary

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