One of those concepts that most North Americans don’t run into everyday is that of microfinance. You can read about it at the link, but in a nutshell it’s the idea that even “poor” people need access to financial services.
One particular area where this is true is financing for the small–by North American standards–loans that [...]
I read a lot of news. I read magazines. I follow news blogs. I make a very concerted effort to keep up with what’s going on in the world, and to get the information from several perspectives.
And yet somehow I’ve found myself thinking, quite frequently, over the last month that this whole “food shortage” thing [...]
The Next Slum?
Arthur C. Nelson, director of the Metropolitan Institute at Virginia Tech, has looked carefully at trends in American demographics, construction, house prices, and consumer preferences. In 2006, using recent consumer research, housing supply data, and population growth rates, he modeled future demand for various types of housing. The results were bracing: Nelson forecasts [...]
Just for fun, let’s look at what Paul Krugman wrote five years ago.
Snippet one, concerning the U.S. finances:
Meanwhile, consider this: we need $400 billion a year of foreign investment to cover our trade deficit, or the dollar will plunge and our surging budget deficit will become much harder to finance — and there are already [...]
If you had trouble following the last presentation I linked to that explained the subprime crisis and how it’s affecting the broader investment community, then you don’t have a chance with the NYT piece that attempts to take on the same task.
If you could handle the stick figures though, you might want to give the [...]
So, last night we had a ridiculously out of season snowstorm, which dropped almost a foot of snow on us over night.
Yes, I am writing this on Easter weekend. Yes, it is April.
And yet still I saw this when I looked out the window this morning:
The one upside of this is that I got to [...]
Kit OConnell
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