How the World Works

Posts in August 2008

August 1
Carnage at General Motors
If what's good for GM is good for the U.S., what does it mean when the company loses $15.5 billion?
Pachelbel's Canon -- sixth century Korean style
Dead for 300 years, the German composer continues to conquer new musical frontiers.
August 4
Decline and fall of the economic stimulus boost
Juiced by tax rebates, Americans upped their consumption in June. Unless you count inflation, in which case they actually spent less
Why is Obama supporting "limited" offshore drilling?
Maybe it's because he understands the big picture -- compromises may be necessary along the way to a sustainable energy future.
August 5
Empires on the rise
China and India battle for a London-based energy company pumping oil in Siberia and Kazakhstan. That's globalization, folks.
The subcontinental salsa king
Hindi pop songs plus South American rhythm plus an Intel electrical engineer equals magic
August 6
Jimmy Carter -- the peak oil president
His 1977 speech on the energy crisis is all too timely during a week of campaign obsession over tire gauges and offshore drilling.
Ethanol might make your kids stupid
A science journal details an indirect connection between phosphate-based fertilizers and lead poisoning
August 7
The spending spree that never happened
Salon's readers promised to save their stimulus checks or use them to pay down debt. Guess what? That's what the entire nation ended up doing
World of development economics Warcraft
Everything you ever wanted to know about gold farming and the global economy
This is your public service drought allocation notice
Water rationing arrives in Berkeley, Calif. Ho hum. Tell it to the Ethiopians
Vacation notice
How the World Works must rest up before the fall stretch run begins
August 19
Inflation throws a sucker punch
Wall Street shudders as new figures show prices rising at the fastest rate in 27 years
High School Bollywood Musical
After marketing the gold-minting franchise in India, Disney brings it all back home.
The oil price puzzle
With crude oil prices $30 below their peak, analysts are suffering whiplash. But no matter how low they go, it won't be for long.
Beer, happiness, and academic productivity
Are scientists who quaff ale less productive? Or are they just a lot more fun?
August 20
China, Tibet and iTunes
The iTunes Music Store suddenly doesn't work in China. Angry downloaders say the Olympic popularity of "Songs for Tibet" is to blame
Empowerment, not emasculation
If India could survive Alexander, it can survive Disney. The foreign adventures of "High School Musical," continued
The bane of San Francisco cycling
Two years ago, high oil prices made Rob Anderson's crusade against bike lanes look dumb. Today, words fail.
August 21
Speculation nation
"Irrational Exuberance" author Robert Shiller predicted both the dot-com bust and the housing market collapse -- and now his new book offers fixes for America's bubble mentality.
Obama: The big-spending fiscal conservative
The New York Times tackles Obamanomics -- and does a darn good job.
Biopiracy and bird flu
A U.S. government patent application raises a knotty question: Should a country own property rights to the diseases that afflict its citizens?
The new Cold War: Bad for a hot planet
When Russia and Georgia rolled out the tanks, Europe's effort to cut back on greenhouse gas emissions may have gotten blitzed
August 22
Don't worry, be happy, buy a flat-screen TV
Gas prices got you down? House in foreclosure? Who cares? Your new television is awesome!
Peak dirt
Soil science isn't a glamour sport, but from Burkina Faso to Wisconsin, human survival depends on getting it right.
The case for oil price speculation improves
Most economists are still resisting the theory that oil markets were manipulated earlier this year, but some new evidence is testing their resolve
Sold! -- to the man in Lycra
Beleaguered real estate agents have found a new selling tool -- the trusty bike
August 25
The subprime price tag
Half a trillion here, half a trillion there -- pretty soon ...
Bankrupt in Sacramento
C. C. Myers became a hero for rebuilding collapsed freeways in record time. He's having a harder time dealing with the collapsed housing market
When hippies ruled the Tennessee Valley
How a U.S. government agency in the Deep South made fertilizer more productive than ever before.
August 26
The new sun worshipers
The semiconductor chip industry has solar power on the brain.
Will Hurricane Gustav crash the Republican convention?
Drill here, drill now -- whoops, batten down the hatches, a storm is coming!
Oil, Islam, and women
For Muslim women yearning for political power, Allah is not the problem.
English-only golf
The LPGA says its new rules requiring English-fluency are for the good of the golfers. But what about the TV ratings?
August 27
A Brazilian Linux let-down
The government subsidizes free software. But does anyone use it?
Indian superheroes take a fall
The latest victim of the global economic slump: "Devi/Witchblade" and "Ramayan 3392 Reloaded"
A clean energy investment slump?
High energy prices are supposed to make solar and wind power all the more attractive. But new figures suggest that sustainability is losing some steam
Monsanto's bane: The evil pigweed
Remember the boll weevil? A new terror is stalking the cotton fields of the American South.
August 28
A booming economy?
"Incomprehensible" GDP growth numbers make "recession" a hard word to say. But we'll say it anyway.
Christianists gone wild
Is the GOP trying to ban private funding of embryonic stem cell research? Some Republicans certainly seem to think so.
August 29
Hurricane subprime
Insurance companies, already hammered by the credit crunch, wince as Gustav approaches the Gulf
Sarah Palin: Drill, drill, drill -- all the way
Offshore, onshore, in the Arctic National Wildlife Refuge -- the Republican vice-presidential nominee makes no bones about it: Drill!
Sarah Palin and a melting Alaska
Global warming is nothing to joke about in the not-so-frozen North. Palin might be pro-drilling, but she can't ignore climate change
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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