Through the planet money podcast, I learnt about the way the American Federal Deposit Insurance Corporation (FDIC) insures private deposits in banks. A bank pays a certain premium to be insured by the FDIC, and private deposits up to 250,000 dollars are insured. If a bank that is insured by the FDIC goes bust, individuals… Read More »
I really, really love Ayemidun’s take on the arrested goat issue. Dambisa Moyo says aid is a large part of the development problem. (Hat-tip to Jeremy). Dealing with economic informality the Nigerian way. They just love us don’t they? Now there are suggestions that we might be able to vote as from 2011. Speak Igbo,… Read More »
The World Bank has just published the Global Economic Prosect for 2009. It is titled Commodity at the Crossroads. The full document is available here.
Some of it end up in Nigeria, through Cotonou, Benin. That is what my ongoing doctoral dissertation is about. I am in the UK at the moment, trying to understand the British textile recycling industry.
After 10 months in West Africa (Nigeria, Bénin, Togo), I am back in Germany. I did not have much time for blogging during the 10 months cos I was moving around a lot, cos I did not have very reliable internet connection, and cos my work did not allow me to spend so much time… Read More »
Emerging Economies and the WTO Ms. Mariarosaria Iorio of the International Gender and Trade Network (IGTN) thinks, among other things, that the fact that the insistence of emerging economies on keeping the Special Safeguard Mechanism (SSM) during the last Doha Round, an insistence that led to the breakdown of the round, shows that the world… Read More »
Ogho Okiti of BusinessDay has a nice analysis: How about another $5 billion for subsidy? Thanks to soaring crude oil prices, we are receiving significant amount of income from crude oil exports. Never mind that the government and the economy would have been in so much trouble by now, underlined by significant short fall in… Read More »
Image via Wikipedia It is probably obvious, by now, that I like BusinessDay. This is their editorial today: In what seems to be a major policy thrust in international economic relations and in resolving the festering Niger Delta crisis, President Umaru Yar’Adua on Monday, at the meeting of G8 leaders holding in Japan called for… Read More »
I got to my bank in Ibadan, Nigeria, on Tuesday, and I was told that they were not working. They had had only an hour or two of power in the past couple of weeks, and they had been running on their generator the whole while. On Tuesday, their generator packed up. They were sure… Read More »
Remember this? I just read here: China plans to increase tax rebates on textile exports in a bid to support the textile industry, the Beijing Morning Post reported, citing sources. In May, China’s clothing exports grew 1.1 pct from a year earlier, the slowest rise so far this year, the report said. Export tax rebates… Read More »