Monday, September 14, 2009
Sunday, September 13, 2009
Like many other economic historians, Bairoch concludes from a broad survey that “it is difficult to find another case where the facts so contradict a dominant theory” as the doctrine that free markets were the engine of growth, a harsh lesson that the developing world has learned again in recent decades.
Friday, September 11, 2009
Using data from the Congressional Budget Office (CBO) and others about the likely trajectory of the recession, we find that, absent other changes, the poverty rate will increase rapidly through 2011 or 2012, at which point about 14.4 percent of the country will be in poverty, up from 12.5 percent in 2007. As the recession ends and employment levels increase, the poverty rate will begin to steadily decrease though it will not, at least over the next decade or so, reach its 2007 level. (...) There were 37 million people in poverty in 2007, so our results indicate that the recession would increase the number of people in poverty by about 8 million, or 22 percent. Our estimates for the increase in poverty amongst children are even more dramatic. There were about 13 million children living in poverty in 2007, and we estimate that the number of poor children could increase by at least 5 million, or 38 percent.
Thursday, September 10, 2009
Wednesday, September 09, 2009
Thursday, September 03, 2009
SOME of America’s leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the world’s population and speed up improvements in health and education.
These billionaires, the ones who are taking up all the space, plastering the world with their private property signs, hoarding and claiming all the resources everybody else needs, are worried there are too many other people.