Interesting graphic from Nat Geo of the distribution of income. Click image for interactive version.
UNITED NATIONS — Without too much fanfare, the United Nations admits in its newest report on the progress of the so-called Millennium Development Goals that wealth creation and not wealth redistribution is the main driver behind reduced levels of extreme poverty around the world. Of course, the UN, being an organization that spends most of…Details
Piece from the NYT on how hedge funds are not doing all that well. There is a mythology around hedge funds that they are all seeing, all knowing and always profitable when this is very far from the truth. There are obviously giant profitable funds that are run by sane sensible individuals using robust logical…Details
Great little piece on the gains in markets under various economic philosophies. This is the most telling chart from the article. You will note that we rank 17th out of 18 countries and the laissez–faire Yanks rank 15th. The orignal article from which this chart is drawn can be found here and it makes a…Details
Great chart from The Atlantic regarding venture capital activity in and around social media.
Tim Harford who does a wonderful series of podcast on the BBC – all of which are available on itunes talks about finding economic lessons in unusual places.
Someone dropped this into my inbox. It is 20 facts about the US housing market generated by Economic Collapse I think everyone in their right mind agress that the US housing market has essentially dropped its guts all over the US economy but these facts are fascinating in the level of damage it has done…Details