An Order of Magnitude for the Poor Folk

I don’t really understand what the $700 billion being discussed as a bailout for the mortgage/credit mess means, but here’s a nice benchmark for purpose of comparison: At the start of Monday’s meeting, Secretary-General Ban Ki-moon urged the world’s rich nations to spend $72 billion a year to help Africa achieve U.N. goals to fight …

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Markets and China’s Energy Consumption

Qiang Wang of the Chinese of Academy of Sciences had a letter in the 29 August Science magazine (behind paywall) about the critical issue of energy subsidies in China. Rising global energy prices have caused a drop in consumption in the United States, but in China, not so much: You can see that higher global …

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Nuclear Weapon in Plastic Cow

It was art: A police report indicates Smith said he was a “special agent with the United States Illuminati, badge number 0931.” His mission? One from “Director Womack,” to “defuse and confiscate a Soviet-made MERV6SS-22AN warhead, with 14.5 kg of enriched uranium and a plutonium trigger, capable of delivering a 40-kiloton yield.” Police say Smith …

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When is “free” not really “free”?

David Foster argues that free water for the poor in India comes with a significant cost: Although water supply in virtually all Indian cities is heavily subsidized, very few BPL (Below Poverty Line) families have household connections. While upper income families benefit from those subsidies, the BPL families are often forced to buy water from …

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