Category: Global news

Urbanization, meet displacement?

13 June, 2014 (11:54) | Apartments, Australia, China, Foreign investment, Global news, Homeownership, Housing, Markets, Urbanization |

By: David A. Smith  Trust the BBC, in a story filed on BBC New (March 5, 2014), to find the dark lining inside the silver cloud, in this case the rapid rise in housing prices in Australia’s destination cities, Sydney and Melbourne. Australians priced out of housing, report says How many Chinese investors do you […]

Cyprus’s economic coma: Part 3, And others die

26 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation |

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   And others die. – Wikipedia’s summary of coma                                                                                                                                               With the Economist’s (March 8, 2014 news article and an editorial (March 8, 2014; brown font) epiphany that maybe the ECB/ IMF ‘rescue’ of Cyprus has been a botch from start to […]

Cyprus’s economic coma: Part 2, A vegetative state

25 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation |

[Continued from yesterday's Part 1 .]   By:David A. Smith   After this time, some patients gradually come out of the coma, some progress to a vegetative state – Wikipedia’s summary of coma   Yesterday’s post examined the semi-comatose Cypriot economy, a year after its ECB takeover, and using as source material the Economist’s (March 8, […]

Cyprus’s economic coma: Part 1, Very basic responses

24 March, 2014 (12:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation |

By:David A. Smith   Comas can last from several days to several weeks. In more severe cases a coma may last for over five weeks, while some have lasted as long as several years.  – Wikipedia’s summary of coma   Either one of you will survive, or you won’t   A year after the European […]

The self-organizing cellular network

28 February, 2014 (09:00) | Buses, Cellular automata, Global news, Innovations, Kibera, Markets, Nairobi, Networks, Slums, Transportation |

 By:David A. Smith So comfortable and regulated are we in the formal world that we have fallen into the foolish belief that all networks must be the result of organized and conscious creation, when in fact the genius of markets lies in their ability to use the dynamics of cellular automata – hundreds, thousands, or […]