How the World Works

Posts in November 2008

November 3
Voting: The rational choice
A political scientist pushes back against those who claim voting is irrational
Wal-Mart surfs the meltdown
The global economic crisis could give the retail colossus more freedom to operate as it pleases.
The credit card grinch who stole Christmas
The new president will face an unfamiliar problem: Lenders are discouraging Americans from pulling out their plastic.
The dismal science of voter turnout
What works best for getting out the vote? An economist says knocking on doors. Who will knock on the most doors this year? Guess.
India's all-important Obama endorsement
A financial newspaper backs the Democrat, from 11000 kilometers away
November 4
The Korean-American hair Obama
A portrait of the candidate in follicles
Election Day rally?
Do investors care who wins the U.S. presidential election?
If the rest of the world could vote
Foreigners can see themselves in the candidacy of Barack Obama. Maybe the U.S.A. really is "exceptional"
Investors want change: Dow closes up 305
Best Election Day rally in 24 years. Were traders watching the polls?
November 6
Hiatus explanation
A break for personal reasons
November 10
My father's vote
From Adlai Stevenson to Barack Obama, a life of writing, voting, disappointment and triumph.
November 11
The Treasury secretary sweepstakes
Lawrence Summers or Tim Geithner? Is there really any difference, besides style?
November 12
As goes General Motors, so goes the world?
Don't think bailout, think big! Restructuring the U.S. auto industry could be just the ticket for a wounded planet.
Henry Paulson has a brand-new plan
Forget about those "toxic" assets the government was going to buy. Today's agenda: Saving the consumer finance industry.
Biofuels to the rescue
In China a big grain harvest is pushing prices down and imperiling farmers' livelihoods. Time to prescribe some ethanol?
November 13
Unemployment meteor threatens planet
Just like in the movies, the U.S. is about to have a black president. And guess what? Disaster looms.
The Wal-Mart trade deficit
As the U.S. economy craters, Wal-Mart throws a lifeline to China.
Birth control in a Frito?
A new study finds infertility in mice fed genetically modified corn. Greenpeace is excited, while Monsanto rolls its eyes.
November 14
For Obama and the economy, it's 60 votes or bust
It's a strange way to run a country -- the Obama administration's success or failure may depend on two Republicans from Maine
Michael "Liar's Poker" Lewis comes home
He shined an embarrassing light on investment banking in the 1980s. This week, he does it again, with bells on
November 17
Phil Gramm's legacy
In an alternate universe, the former senator's deregulatory baggage could be much scarier.
Where did all the wealth go?
A YouTube trip down memory lane with one economic forecaster who got it all exactly right.
The bad economics of stopping gay marriage
Focus on the Family spends half a million in support of Proposition 8, then announces a big round of layoffs.
November 18
The perils of cheap oil
Enjoy your trips to the gas pump while you can. It won't be long until the energy crisis is back, bigger and better than ever.
The global economy and Detroit
One of the last bright spots of the U.S. economy -- export growth -- is dimming. So maybe it's not such a great idea to let domestic automakers fend for themselves.
137 pages of Wayne County foreclosures
How long will the list get if the Big Three automakers collapse?
The high priest of the Royal Hawaiian Mint
Mint your own currency, or roll your own doobie? Choices, choices ...
November 19
Why the South opposes a bailout for Detroit
Republican senators like Alabama's Richard Shelby represent states with thriving, non-union, foreign-owned auto industries.
Why does a solar power company want a piece of GM?
Analysts are scoffing at SolarWorld's bid for Opel. But maybe the rest of us should be cheering
A California earthquake shocks Detroit
More bad news for automakers? California's Henry Waxman wins a preliminary vote to unseat Michigan's John Dingell as chair of the House Energy and Commerce Committee.
Another day, another heart-stopping Dow plummet
What could explain the latest market swoon? Let us count the ways
November 20
Like a phoenix, Orange County rises again
Out of the ashes of the subprime meltdown -- new life: An FDIC headquarters for managing the shutdown of failed financial institutions
Sen. James Inhofe calls out Andrew Leonard
The environmentalist's worst nightmare rails against the proposal that fuel economy standards be part of any auto bailout. And he blames me.
Worst of all possible bailouts?
A deal to keep automakers afloat might be in the offing, but appears to do little to solve economic problems that are getting worse by the second.
Democratic leadership: No bailout for Detroit
Call it TARP fallout: Reid, Pelosi demand a "viable plan" for survival before any rescue for the auto industry.
As goes Detroit, so goes the Dow
For the second consecutive day, stock indexes drop 5 percent. Is it a case of the no bailout blues?
Cheap oil's victims
For Hugo Chavez, Vladimir Putin, and Mahmoud Ahmadinejad, sub-$50 oil is a disaster. But don't cheer too loud
November 21
The Citigroup lesson: Big is not necessarily better
As the financial giant staggers, can someone remind us again why repealing Glass-Steagall was a good idea?
How to think positively about a crashing stock market
Who cares if right now hedge fund investors want all their money back? Sooner or later, they'll change their minds.
Obama makes the smart pick for Treasury: Dow goes wild
The man who warned in 2006 about the potential downside to modern financial innovation gets the job of fixing a big, fat mess.
November 24
On break
HTWW is closed for Thanksgiving week
A name China scholars will remember
John "Beginning Chinese" DeFrancis passes away. Who knew he once tangled with Senator Joe McCarthy?
Obama: "A clean break from a troubled past"
The president-elect makes his case to the nation for immediate action on the economy. Let's hope Senate Republicans were listening.
Even Wal-Mart gets the blues
Cutbacks in discretionary spending take their toll, even at the "low-price leader"
How humans cooled the earth -- 500 years ago
After pandemics caused a mass die-off in the New World, farmland turned to forest and temperatures dropped

About How the World Works

A conversation about globalization.

Recent Posts

Obama: "A clean break from a troubled past"
The president-elect makes his case to the nation for immediate action on the economy. Let's hope Senate Republicans were listening.
Even Wal-Mart gets the blues
Cutbacks in discretionary spending take their toll, even at the "low-price leader"
How humans cooled the earth -- 500 years ago
After pandemics caused a mass die-off in the New World, farmland turned to forest and temperatures dropped

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