Category: Finance

Wetware beats hardware, but who pays?

24 December, 2009 (10:45) | Cities, Finance, Infrastructure, Innovations, Municipal Finance, New York City, Sanitation, Theory, Toilets | No comments

By: David A. Smith

 
If we can put a man on the Moon, why can’t we create clean, attractive public toilets in major cities?  That question is implicit in a little New York Times deposit on the subject of effective business models for urban defecation entitled We weren’t quite ready for the modern toilet [...]

Tip of the iceberg: Part 2, sinking the currency?

23 December, 2009 (12:32) | Capital markets, Euro, Finance, Global news, Greece, Policy | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Yesterday we learned that the capital markets, by raising the cost of Greek bonds to sky-high levels, have sounded the klaxon and warned that the fiscal ship has been holed below the waterline.
 

We’ve taken some damage
  
As reported on December 15 in the Wall Street Journal, the damage has [...]

Tip of the iceberg: Part 1, hitting submerged deficits

22 December, 2009 (13:14) | Capital markets, Euro, Finance, Global news, Greece, Policy | No comments

By: David A. Smith

 
Even as the capital markets are breathing a huge sigh of relief over Abu Dhabi’s mature decision to avert an immediate Dubai default, a more serious problem looms in Euroland, one that cannot be cured so simply by having the rich uncle write the check. 
 

Who’d imagine that could sink the [...]

Pictures at an enumeration

14 December, 2009 (14:07) | AHI activities, Cities, Durban, Finance, SDI, Slums, South Africa, Theory | No comments

By: David A. Smith
 

Singing about a better life: the Durban enumeration
 
“Have you ever been to an enumeration?” asked my hostess at the Gates Foundation convening.  She had brought together all the grantees under the Urban Poverty Limited Learning Initiative, including ourselves, for two days of brain-cudgeling on what we had individually and collectively learned, so [...]

Do as I say, not as I did: Part 2, what I did

4 November, 2009 (16:05) | Capital markets, Finance, Policy, Regulation, TARP, US News | No comments

[Continued from yesterday's Part 1.]
 
Yesterday we had brave words and sound logic from Kenneth Feinberg, Treasury’s ’special master for compensation,’ who as quoted in the Wall Street Journal (quotes in blue Times Roman), hopes his new standards “will be voluntarily picked up” throughout corporate America.
 

You’ll pick it up if you know what’s good for you
 
He [...]