Happy Year of the Dog to everyone out there. I’ve just started writing my first paper for publication, so that explains the recent lack of updates here. That, and attending quite possibly the most brilliant series of concerts at Krannert ever. Gershwin by Marvin Hamlisch, Lyle Lovett live, Bach’s Art of the Fugue by the Kuss String Quartet, Schubert from the St. Lawrence String Quartet, and ballet classics from the Russian National Ballet Company, among others. I think I’m OD-ing on good music.
The United Nations Development Programme has come up with a proposal to unlock six trillion dollars of wealth by restructuring the world economy. And how is this supposed to work? Here’s a quote from the Independent Online:
At the heart of the proposal, unveiled at a gathering of world business leaders at the Swiss ski resort of Davos, is a push to get countries to account for the cost of failed policies, and use the money saved “up front” to avert crises before they hit.
Among the proposed measures are insurance policies for small economies against financial instabilities à la 1997-era Southeast Asia, and allowing countries experiencing brain drain to borrow money from remittances that professionals send home from abroad. Intriguing indeed. Read more from the book itself, The New Public Finance: Responding to Global Challenges. Some background material is available for reading on the book’s website.
Otterman also links to the destruction of three priceless Qing vases in a British museum, bringing the curator’s worst nightmare to life.
