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What's Really Warming the World? Climate deniers blame natural factors; NASA data proves otherwise

Methodology<p>NASA's Model<p>Researchers who study the Earth's climate create models to test their assumptions about the causes and trajectory of global …

Global Extreme Poverty

First published in 2013; substantive revision March 27, 2017.<p>I. Introduction<p>I.1 Overview of this entry<p>This entry is concerned with extreme poverty. …

How mass incarceration creates ‘million dollar blocks’ in poor neighborhoods

There are neighborhoods on the West Side of Chicago where nearly every block has been painted red — a sign, on the above map, that someone there was sentenced to time in an Illinois state prison between 2005 and 2009 for a nonviolent drug offense.<p>On several dark-red blocks, the missing residents …

Valuing Country Risk: Pictures of Global Risk - Part II

In my last post, I looked at the determinants of country risk and attempts to measure that risk, by risk measurement services, ratings agencies and …

Investing

Mankiw and Conventional Wisdom on Europe

Greg Mankiw wrote a week ago in the Sunday New York Times, ably explaining the conventional view that the Euro is a bad idea, and that even countries …

Economics

Why I'm optimistic about digital media, in 2 charts

The journalism world is never short on gloom and doom, but two charts I saw recently offer some grounds for optimism about the future of digital media as a business.<p>First, though there is a lot more internet ad spending than there used to be, exactly <i>none</i> of this has come at the expense of …

Corporate efficiency in Europe

Understanding the determinants of firm performance is important if we want to improve how we do business. This column presents new research on …

Research

The best places to be alone all over the world

Summer in the city can be pretty unbearable. As you're piling into the bus, subway or elevator with a crowd of sweaty people, you may start thinking -- or daydreaming -- of getting away from it all.<p>If that's your goal, we have some maps for you to ponder. Here are 13 maps that show some of the most …

The life of Greece’s young: When $50,000 of loans in America beats a life back home

NEW YORK — Vasileios Bouras decided he would take on $50,000 of loans from his family to come to study in America rather than bet his future on his home country of Greece ever being able to pay back its debt.<p>That was at the start of the Greek financial crisis, when Bouras, now 27, left Athens for …

Ford's latest eBike breaks down to fit in your trunk

Ford is serious about marrying eBikes and cars and just revealed a new bike concept called the MoDe:Flex, complete with a new smartwatch app. Like other prototypes from its new Palo Alto Research and Innovation Center, it's an electric-assisted bicycle that uses a special app to help you do …

America, China, and the Productivity Paradox

NEW HAVEN – In the late 1980s, there was intense debate about the so-called productivity paradox – when massive investments in information technology …

Last Greek thoughts

A few salient points that don't seem to be on the top of the outpouring of Greece commentary.<br>1. Greece seems to be coming to a standstill. Kerin Hope …

Central Banks

7 charts that explain why Hillary Clinton lost in 2008 — and why she's winning in 2016

Right now, Hillary Clinton is the frontrunner for the 2016 Democratic presidential nomination. As you may recall, she was in a similar position eight years ago — and, after a long and bitter contest, she ended up losing.<p>There are several factors that, considered together, explain Clinton's 2008 …

The G-7 Embraces Decarbonization

This week’s G-7 meeting at Schloss Elmau in the Bavarian Alps marked a major breakthrough in climate-change policy. The seven largest high-income …

Angela Merkel

Raising Long-Run Growth in Latin America and the Caribbean—A Complex(ity) Issue

By Fabiano Rodrigues Bastos and Ke Wang(Versions in Español and Português)Growth in Latin America and the Caribbean has weakened significantly over …

Economics

Here's what it would take for the US to run on 100% renewable energy

It is technically and economically feasible to run the US economy entirely on renewable energy, and to do so by 2050. That is the conclusion of a study last year in the journal <i>Energy & Environmental Science</i>, authored by Stanford scholar Mark Z. Jacobson and nine colleagues.<p>Jacobson is well-known …

Beautiful maps of what our cities actually smell like

Smelling your way around a big city can be a hazardous undertaking. In just a few steps, pleasant aromas of flowers and food can give way to car exhaust, ripe garbage and pee-soaked dog parks.<p>Even so, a group of brave people is sniffing their way around several global cities in order to create a …

I have 227 browser tabs open, and my computer runs fine. Here’s my secret.

Most people do not care much about web browsers. Most people aren't even aware they are using one. Whichever web browser happened to be installed on their computer when they got it is "the internet." They don't mess with the settings or customize it — at most, they bookmark a few pages.<p>For a small …

Google

New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point: The Honest Broker for the Week of May 31, 2015

That was and is the logic behind so many economists' beliefs. Their beliefs before 2008 that economies could not get stuck in liquidity traps …

The future of work in the second machine age is up to us

“Big Thinkers” about the role of technology in the U.S. economy are roughly divided into two camps when it comes to the consequences of rapid …

The Value and Pricing of Cash: Why low interest rates & large cash balances skew PE ratios

For an asset that should be easy to value and analyze, cash has been in the news a lot in the last few months, both when it has been returned (in …

Investing

16 maps that Americans don't like to talk about - Vox

1<p>  <p>The US was built on the theft of Native Americans' lands<p>This map begins by showing Native Americans' land in 1794, demarcated by tribe and marked in green. In 1795, the US and Spain signed the Treaty of San Lorenzo, carving up much of the continent between them. What followed was a century of …

The most predictable disaster in the history of the human race - Vox

I. Bill Gates is an optimist.<p>Ask him, and he'll tell you himself. "I'm very optimistic," he says. See?<p>And why shouldn't Bill Gates be an optimist? He's one of the richest men in the world. He basically invented the form of personal computing that dominated for decades. He runs a foundation immersed …

Global Energy Subsidies Are Big—About US$5 Trillion Big

By Sanjeev Gupta and Michael Keen(Versions in 中文, Français, 日本語, Русский and Español)In their blog, Ben Clements and Vitor Gaspar make the points …

Fossil Fuels