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The introduction of fast internet in Africa has large positive effects on employment rates and incomes. Data indicates that the introduction of fast internet increased firm entry, productivity, and exporting.
The Arrival of Fast Internet and Employment in Africa by Jonas Hjort and Jonas Poulsen. Published in volume 109, issue 3, pages 1032-79 of American Economic Review, March 2019, Abstract: To show how fast Internet affects employment in Africa, we exploit the gradual arrival of submarine Internet cabl...
casteingTheLowerClass  win  economics 
19 days ago by joeybaker
China-US agree to abandon trade war and threatened tariffs: Beijing
Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media has reported.
trumpStupidity  trumpIncompetence  globalGameOfThrones  win  economics  globalization 
may 2018 by joeybaker
These Are the Charts That Scare Wall Street
Forget scary clowns.For finance professionals, Corporate America's credit cycle and the U.S. economic outlook
economics  globalUnrest 
october 2016 by joeybaker
Sputtering Startups Weigh on U.S. Economic Growth - WSJ
The U.S. economy is inching along, productivity is flagging and millions of Americans appear locked out of the labor market. One key factor intertwined with this loss of dynamism: The U.S. is
october 2016 by joeybaker
Far from stepping back, top central banks are set to double down
WASHINGTON Central banks' repeated warnings that there are limits to what they can do to bolster the sputtering world economy could suggest they are about to pull back and pass the baton to
october 2016 by joeybaker
There is No Such Thing as Trickle-Down Economics | Steven Horwitz
Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to describe ourselves. The most common of these is
casteingTheLowerClass  plutocracy  wealthGap  economics 
september 2016 by joeybaker
Low pressure
THE story of rich-world central banks and their protracted entanglement with near-zero interest rates was given another twist this week. One of their number gamely announced it still hoped for a more
globalization  economics 
september 2016 by joeybaker
How Fake Money Saved Brazil
This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked. Twenty years ago,
september 2016 by joeybaker
Comcast’s $70 gigabit offer is only good in cities with Google Fiber
UPDATE: About three hours after this story published, Comcast told us that the $70 gigabit Internet offer is available in Chicago, contrary to what the company told us this morning. While Comcast
ISP  corporateLies  economics  corporateCorruption  win  corporateIndemnity 
august 2016 by joeybaker
Prison breakthrough
JOHN NASH arrived at Princeton University in 1948 to start his PhD with a one-sentence recommendation:
august 2016 by joeybaker
We’re in a Low-Growth World. How Did We Get Here?
The underlying reality of low growth will haunt whoever wins the White House in November, as well as leaders in Europe and Japan. An entire way of thinking about the future
cyclesOfHumanHistory  economics  globalUnrest 
august 2016 by joeybaker
The Real Value of $100 in Each State
This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result,
august 2016 by joeybaker
Why Growth Will Fall
by Robert J. Gordon Princeton University Press, 762 pp., $39.95 Mus
cyclesOfHumanHistory  economics 
august 2016 by joeybaker
Elon Musk's Unbelievably Simple 12-minute Killer Break Down on Climate Change
Elon Musk breaks down climate change for students at The Sorbonne in Paris right before the historic COP21 Climate Change Conference in which 170+ nations si...
climateChange  greenEconomy  economics  corporateCorruption 
july 2016 by joeybaker
The Rule of 72 – BetterExplained
The Rule of 72 is a great mental math shortcut to estimate the effect of any growth rate, from quick financial calculations to population estimates. Here
june 2016 by joeybaker
Legal marijuana is finally doing what the drug war couldn’t
Soldiers stand in a marijuana plantation found during a reconnaissance mission in Michoacan state, Mexico. (Alexandre Meneghini/AP) Legal marijuana may be doing at least one thing that a decades-long
win  governmentIncompetence  economics  drugProhibition 
march 2016 by joeybaker
Mervyn King: new financial crisis is 'certain' without reform of banks
Your 2016 reminder that we never really fixed the cause of the 2008 crash. Also, crashes happen on 8~15 year cycles.
governmentIncompetence  bankMalfeasance  economics  globalization 
february 2016 by joeybaker
More phones, fewer banks and years of instability is transforming Somalia into an almost cashless society
Mogadishu, Somalia Ahmed Farah Hassan no longer carries the tattered Somali shilling notes that were the currency of his war-torn country’s economy for years. At a gas station in Mogadishu recently,
economics  globalization 
february 2016 by joeybaker
China's $600 Billion Subprime Crisis Is Already Here
Sorry, Kyle Bass, you're a bit late to the game. The debt problem in China has already reached the proportions of the U.S. subprime mortgage debacle. Don't worry, though: Chinese authorities are on
governmentIncompetence  governmentMalfeasance  economics  globalization 
february 2016 by joeybaker
The Rent-Seeking Is Too Damn High
This is In Real Terms, a new column analyzing the week in economic news. We
casteingTheLowerClass  oligarchy  economics  corruptedPolitics  plutocracy  wealthGap 
february 2016 by joeybaker
The Fed Wants to Test How Banks Would Handle Negative Rates
As interest rates turn negative around the world, the Federal Reserve is asking banks to consider the possibility of the same happening in the U.S.In its annual stress test for 2016, the Fed said it
globalization  economics  globalUnrest 
february 2016 by joeybaker
Bank of Japan, in a Surprise, Adopts Negative Interest Rate
Shoppers in Tokyo. The Japanese government has tried numerous stimulus measures, hoping to increase spending and spur inflation.
globalization  globalUnrest  economics 
february 2016 by joeybaker
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