How the World Works

Posts in July 2008

July 1
Wal-Mart's slow-food epiphany
The high price of gas is encouraging the world's biggest retailer to buy locally.
Doug Fine's excellent nanny goat adventure
"Farewell, My Subaru" is a low-carbon "Odyssey," dripping with wry humor and fast food grease biofuel.
Why Indian farmers lust after genetically modified eggplant
When you're going broke spraying pesticides that don't work, built-in resistance to nasty bugs starts looking mighty attractive.
July 2
The casino tycoon who loved China
All that cash the rest of the world is sending to China? Sheldon Adelson, the third-richest American, is recycling it.
The meaning of Starbucks
The coffee company announces plans to close 600 stores, while simultaneously watering down its primary house brew. As if we needed any more evidence that the economy is in the dregs.
Obama's Indian electoral strategy
His campaign mentions the passing of a revered Indian general. McCain's doesn't. How's that going to play in the swing states?
Bear territory blues
It's official: The stock market bulls have left the building. What took them so long?
July 3
Oil up, jobs down
Same old song and dance: A new record for the price of oil, and more bad employment numbers for the U.S. economy
A dream of Russian dandelions
The rising price of natural rubber is puncturing tire manufacturer profitability. But a weed grows in Uzbekistan...
Can immigrants save an aging Europe?
What happens to a society with a declining birth rate which refuses to open the door to outsiders?
Triumph of the low-carbon city dweller
Back to the land? Pfft. If you want to conserve energy, the cosmopolitan lifestyle is the way to go. You can look it up
July 4
A biofuel food-price bombshell
The U.K. Guardian reports some astonishing numbers from a "confidential" World Bank study on energy crops and grain prices.
July 7
American epitaph: "More is more"
The cultural relevance of 64-ounce sodas and Ford Expeditions.
Free trade, but not for the flag
It is OK to burn Old Glory, if she's made in China?
Rich country, poor country, hot planet
Europe's head start on fighting climate change might offer some useful hints for the masters of the global economy currently meeting in Japan.
July 8
Speculation and the price of oil
Two Hofstra economists take issue with Paul Krugman, citing evidence of "hoarding in the crude oil market"
World Bank downplays biofuel bombshell report
But did Bank president Robert Zoellick just say that the Bush administration's figures on food prices were not to be believed?
One nation, not just speaking English
Barack Obama wonders what's up with all those "English-only" whiners. Learn Spanish, already
July 9
Hurricane Iran
More storms, more Mideast turmoil, more fun with the price of oil.
Europe, the vampire mode slayer
The EU takes steps to regulate standby power consumption by appliances. So what's the U.S. doing?
Dumb luck, China, and the Industrial Revolution
Another take on the "Needham question"
Globalization: Not such an endangered species after all
Rising shipping costs might not kill off global trade. Wily humans will find a way
Where do all the old cellphones go?
Not to the landfill, nor to the recycling center. They just malinger
July 10
Seeking the right geek
Salon is hiring a technology reporter
A compromise -- or a cave in -- on offshore drilling?
Some Democratic politicians are talking about a deal on new drilling. But they're not asking for enough in return for their surrender
From soybeans to subprime
From the Japanese occupation to the KMT-Communist lovefest, Taiwanese capitalism at its best
Chinese dreams of Monsanto glory
The government authorizes a new transgenics development program, aiming for food security and biotech competitiveness
So you think you can dance, Bollywood?
Reality TV meets "Om Shanti Om" meets a fun time for the whole family
July 14
Best. Bailout. Ever.
The U.S government guarantees that the U.S. home mortgage market will not fail. But free market fundamentalism? Bankrupt beyond belief.
How to measure bovine gas
Cows fart, and the world gets warmer. And science marches on
July 15
A plague of economic locusts
The Federal Reserve chairman cites "numerous difficulties" facing the economy. And Ben Bernanke is not known for his hyperbole.
OPEC changes the oil equation
Energy traders scramble to unload their holdings after the organization suggests the world isn't as hungry for crude as it used to be.
Goldman Sachs' solar play
The never-misses-a-beat investment bank is prowling in the Mojave desert
July 16
Reasons to whine about the U.S. economy
Inflation shoots up. Wages don't keep pace. Phil Gramm is strangely silent
Triumph of the global middle class
No more doom and gloom -- Goldman Sachs' chief economist says we should all be happy that the world is getting richer
Border security, then and now
A century ago, the U.S. Army attempted to police the U.S.-Mexico border, with mixed success. Force isn't always the right answer
Genetically modified organic farming
What would Rachel Carson say about the prospect of sustainable GMOs?
July 17
Texas' deregulation sticker shock
Texans pay more for their electricity than the rest of the U.S. And that's exactly how it should be, say Republicans.
Growing pains for Kiva
Call it Web 2.0: The African version. The online microfinance lending site stumbles, but doesn't get knocked down
The deep structure of kung fu panda-monium
An expert in modern Chinese literature takes on the cultural significance of Dreamworks' martial arts cartoon
July 21
Recycling the old bicycle
Another entry in the $4-a-gallon consumer behavior modification logbook.
July 23
A note on the blog
Strange, mysterious absence of posting explained
July 28
Obama's all-star summit
His campaign scores yet another organizational coup: The masters of the economic universe gather in the capital, at the candidate's bidding.
July 29
Obamanomics to the rescue
Global warming, recession, war, healthcare, the energy crisis: A new book argues that Barack Obama has an answer for everything.
Home prices: Worst drop ever, or a sign of hope?
Either the sky is continuing to fall, or the storm is abating. Or both.
Rush Limbaugh: "Why can't we be more like China?"
The conservative icon reinvents himself as a supporter of government intervention in the economy. Give me my state-subsidized SUV, or give me death!
July 30
Obama's energy rebate proposal
McCain has his gas tax holiday. Obama proposes sending more checks to help deal with the energy crunch. What's the difference?
Big government just got a whole lot bigger
With the $12 trillion mortgage-lending industry hanging by a thread, President Bush had no choice. He put away his veto pen and signed a really, really humongous blank check.
July 31
A GDP paradox
The economy grew faster in the most recent quarter than during the past two. So why are analysts shouting the word "recession" even louder?
Why Exxon desperately wants more offshore drilling
Despite record profits, again, Exxon's production of crude oil is down, again. But no worries: Senate Republicans are on the job.
The right to bear a prepaid cellphone
Should we be required to show identification in order to buy an untrackable phone?
Uncle Sam needs to go shopping. Not us
You want that discounted flat-screen TV. You want to help boost the economy. But I've got news for you.
Dow plunges again, Friedman fans despair
Despite the best efforts of the Federal Reserve to follow the economic prescriptions of Milton Friedman, nothing is working. But Keynes' stock is rising.
It's official: We're in a recession
Remember when Phil Gramm said Americans were a "nation of whiners"? He was wrong. The recession started last December.
The month the U.S. economy died
More bad numbers emerge detailing October's meltdown. Investors respond: The Dow goes into free fall.

About How the World Works

A conversation about globalization.

Recent Posts

Dow plunges again, Friedman fans despair
Despite the best efforts of the Federal Reserve to follow the economic prescriptions of Milton Friedman, nothing is working. But Keynes' stock is rising.
It's official: We're in a recession
Remember when Phil Gramm said Americans were a "nation of whiners"? He was wrong. The recession started last December.
The month the U.S. economy died
More bad numbers emerge detailing October's meltdown. Investors respond: The Dow goes into free fall.

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