Thursday, June 16, 2011
Wednesday, June 15, 2011
A Tale of Three Plumes
| A tornado makes its way across Baca county, Colorado, in May 2010. There are more in store for year 2011. |
| A volcano in Eritrea erupted for a third day on Tuesday but with reduced intensity, its ash cloud spreading out over Sudan and forcing the cancellation of some regional flights. |
Saturday, June 11, 2011
The deadly bean sprout
Germany has confirmed that it is the beansprout from a farm in northwest Germany
which is responsible for the E Coli outbreak that has killed 31 people
and sickened another 3100.
Friday, June 10, 2011
Thursday, June 9, 2011
The Cost of Revolution
[Newsweek]
Egypt’s stock market is tanking and its rich are taking their money to Zurich. Will an economic plunge ruin the Arab Spring?
Egypt incurred an estimated $1.7 billion
in economic losses when crowds
thronged Tahrir Square.
I recently sat at the desk where John Maynard Keynes wrote The Economic Consequences of the Peace, his coruscating 1919 polemic against the Versailles Treaty. I asked myself what Keynes would be writing if he were with us today. I think the answer is The Economic Consequences of the Arab Spring.
The point of Keynes’s original tract was that the victors of the First World War were bungling the peace. The punitive reparations they were demanding of Germany, he argued, would plunge that country into an economic crisis. After that would come the political backlash.
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