economics

RECENT POSTS

Did anything that matters (to the rest of us) happen in Davos? | 

Davos, World Economic Forum
World Economic Forum

Somehow, I was not invited to the prestigious and exclusive World Economic Forum in Davos this year.

Many other members of the media were there along with the corporate executives, politicians, celebrities, cautiously happy bankers, an anxious Shimon Peres complaining that the world is becoming ungovernable and some topless Ukrainian women protesters who were there but not invited. Among the missing (besides me) were top officials from the Obama Administration and a strong sense of moral purpose, or much purpose at all. To wit:

The Economist said Pretty Much No One Believes in Davos anymore, adding in a different column this observation:

“Ordinary folk trust Davos Man no more than they would a lobbyist for the Worldwide Federation of Weasels.Continue reading

Digging deeper into the cycle of poverty and disease | 

It seems pretty obvious to most of us regular folks that being poor also increases your risk of being in poor health and that, conversely, illness can make you poor.

And it seems pretty clear that this is even more so for the very poor living in parts of Africa or elsewhere in the developing world where there are few social safety nets, no disability insurance programs, many more deadly and disabling health threats — and your ability to work is basically a matter of survival.

Apparently, it’s not so clear or obvious to many experts and academics.

Tom Paulson

Matthew Bonds

That’s why Matthew Bonds, who lives and works in Rwanda with the organization created by health activist Paul Farmer called Partners in Health, is trying to bring clarity and hard numbers to what many know as the “cycle of poverty and disease.”

“Yeah, my wife keeps asking me why we need to do this, too,” laughed Bonds, who spoke yesterday at the UW’s Institute for Health Metrics and Evaluation. Continue reading

The Economist: How Washington state is like Greece | 

The Economist looks at the economies of American states as compared to other nations’ GDPs.

Washington state is about the size of Greece (and, fortunately, not in same mess financially). It’s kind of a fun comparison, this map, even if I can’t quite tell what to do with this information.

The Economis

State economies compared to national GDPs