Category: Global news

The unraveling veil

2 March, 2010 (11:52) | Bankruptcy, Capital markets, Euro, Global news, Speculation | No comments

By: David A. Smith
 
Proving that America has no monopoly on good ideas, the impending collapse of Greek finances is revealing, strand by strand, that whatever shenanigans and subterfuges might have been pioneered by the Enrons of this world, the sovereign nations of Europe will have perfected and taken to scale.  As reported in the Wall [...]

A snapshot of India’s housing situation: Part 2, the opportunities

26 February, 2010 (12:15) | Finance, Global news, Housing, India, Policy, Rajiv Awas Yojana, Regulation | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Now they know how many holes it takes to fill the Albert Hall
– The Beatles, A Day in the Life
 
If all you took from the February 11 Economic Times of India were the clips we highlighted yesterday, one could be forgiven for being depressed about India’s potential – [...]

A snapshot of India’s housing situation: Part 1, the challenges

25 February, 2010 (12:38) | Finance, Global news, Housing, India, Policy, Rajiv Awas Yojana, Regulation | No comments

By: David A. Smith
 
I read the news today, oh boy
– The Beatles, A Day in the Life
 
One day’s newspaper clippings – in this case, The Times of India, Thursday, February 11 – represent an info-montage of the world’s largest democracy muscling its way into the twenty-first century, and along the way the world’s largest and [...]

Always with the fine print

23 February, 2010 (12:31) | Bankruptcy, Capital markets, Dubai, Global news, Speculation | No comments

By: David A. Smith
 
Am I allowed to gloat?
 

Not gloating, just celebrating
 
Back in early December, I posted about Dubai World’s default announcement, calling it ‘a shock of the first magnitude, with consequences that will reverberate for years if not decades.’  In the days that followed the financial press was fully of it-ain’t-that-bad stories as various observers [...]

It’s no fun, it fell right over

12 February, 2010 (11:09) | Building Codes, China, Construction, Ecosystems, Global news, Municipal Government, Theory, Water | No comments

By: David A. Smith
 
[Editor's note: As the memory of Haiti's devastating earthquake fades, we are able to see that much of the tragedy was preventable – not the quake itself, but the toll in human lives.  And we can therefore see this cautionary tale from Shanghai as not merely comic but tragicomic. – Ed.]
 

A building [...]