Category: Economist

Taking their economy home with them: Part 1, Jobs Saudis don’t do

28 January, 2014 (13:24) | Economist, Employment, Ethiopia, Housing, Immigration, informality, Remittances, Saudi Arabia, Yemen |

  By:David A. Smith   A few weeks ago, I reported in great detail about Saudi Arabia’s sudden change of policy with respect to its immigration and foreign worker (expatriate, as they call it) laws, and the economic disruption that I and many others foresaw would occur when the invisible army went home.    [The […]

Decline and fall of the Roamin’ Empire: Part 5, Bizarreness masqueraded as creativity

1 October, 2013 (10:17) | Bankruptcy, Cities, Coleman Young, Detroit, Economist, Housing, Kwame Kilpatrick, Local issues, Municipal Finance, Real estate taxes, US history | 1 comment

[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.]   By:David A. Smith   “Bizarreness masqueraded as creativity.” ― Edward Gibbon, The Decline and Fall of the Roman Empire     In our history of Detroit’s slide into insolvency, we’ve reached the late middle-game – as carefully listed by Nathan Bomey and […]

City of mirages: Part 5, Economics

29 August, 2013 (10:00) | Agriculture, Cairo, Cities, Economist, Egypt, Farouk El-Baz, Finance, futurism, Housing, Infrastructure, Innovations, Nile, Speculation, Urbanization | 1 comment

By:David A. Smith   [Continued from yesterday's Part 4 and the preceding Part 1, Part  2, and Part 3.]   So far we’ve seen that Dr. Farouk El-Baz’s ambitious plan, explained in a recent Boston Globe (July 27, 2013) article, to double Egypt’s inhabited area by laying down a dramatic end-to-end superhighway and transportation corridor presumes […]

The sincerest form

24 April, 2009 (09:17) | Economist, Humor, US News, Wall Street Journal |

  “Mediocre writers borrow; great writers steal.“  – T. S. Eliot   Posted anything worth stealing, David?   Faithful readers know I often draw on the Economist or the Wall Street Journal – with full attribution, to be sure! – for stories that form the kernel of these essays.  Judging from two recent pieces, the […]