1 Billion fewer people living in Extreme Poverty in the world just since 2000. Who (or what) is responsible for this miracle? Nice graphic here.

Here is a graph from The Economist showing the dramatic decline in the number of people in the world living on $1.25 per day (or less).  This is the formal UN definition of "Extreme Poverty". 

Focus on the span between 2000 and 2013 (guesstimate). The slope gets steep--approx 1 Billion people have climb above the $1.25 mark in 13 years.  Keep in mind, since 2000 the world population has GROWN by about 800 million as well. 

While this is good news, the drop was not evenly distributed.  China alone is responsible for about 75% of the decrease.  Of course, this is mostly due to the rapid industrialization and globalization China set in motion with more market orientated (very loose and generous definition) policies in the 80's and 90's.




Source: The Economist

Hans Rosling as a "Myth Buster" on the issue of Child Mortality Rates. Worth a couple of minutes of your time.

Here is Hans Rosling "clarifying" the issue of historical Child Mortality Rates around the world. 

This is really terrific!  Watch and Learn.  The world is getting BETTER in so many categories of quality of life. Yes, even for the most poorest amoung us.

Nice graph breaking down voting by age group over time. I guess it is easier to get to the polls using a walker as opposed to a skateboard. Go figure...

Hard to see the colors, but the line in the middle (58.2% on the right) is the"Total Voting Age Population" trend line.  The top line (68.1%) represents "65 years and over". The other age groups are above or below the Total Voting Age Population line.

If you follow the 65 years and over line from right to left, you will see it is pretty steady over time. 
While there is a decline in every other age group along the way, they show back up in the golden years.

If you were running for national office, which group would you target for votes and which group would you pay lip service to?   Yeah, me too. 

Source: Conversable Economist

LARGE infographic showing the scale and scope of the US economy. Some interesting facts and figures...

[Source: U.S. Census Bureau]

Two nice graphs/charts showing the emergence of developing countries and their influence on resource demand. What an amazing 20 years...Are you preparing to serve these markets???

Both of these graphs/charts come from The Economist.  I continue to emphasize the rise of emerging markets around the world. We can see this as a problem or as an opportunity.  Businesses looking for opportunities for the future are increasingly looking outside the US. Are YOU on board with this in planning your future?

The decline and growth of respective world share of GDP in the graph below (left) since 1990 is quite dramatic.  If does not mean that our GDP has not increased but our share of global GDP has decreased.  Analogy: while our slice of the GDP pie is got bigger, the pie itself got larger too. Economic growth is not a zero sum game.  Wealth is not fixed, and through processes, technology and productivity it increases over time.

The Walmart-ization of America...Video of Walmarts US growth in 26 seconds...

The Walmart-ization of America...Walmarts US growth in 26 seconds...HT: Carpe Diem

Short video explaining the link between Economic Freedom and Standard of Living. So simple, yet difficult to achieve...

HT: Division of Labour

Oil and Bio-Fuels clash...The winner? Better question--The loser? Answer--all of us.

Bad energy policies equal bad outcomes...Two reminders in as to why we need to wean ourselves off of oil AND why using food-for-fuel is NOT the way to do so. You are just subsituting one set of bad trade-offs for another. Can we do better than this?...By the way, I am NOT a hardcore "Greenie"  at all.  I just believe in utilizing resources in the most efficient manner. While oil may have served us very well in the past to get us to an unprecedented level of standard of living, I think diminishing returns are setting in with it and we need to move on to develop a new fundemental source of energy production.  Are we there yet? No...Are we working hard enough to get there? I don't really know, but I believe we should be moving a little quicker to do so. Howver, in my humble opinion, bio-fuels are not the way to go.  Where am I going wrong???
Yellowstone river suffers oil spill

""An Exxon Mobil pipeline that runs under the Yellowstone river in Montana ruptured on Saturday, leaking hundreds of barrels of oil and causing a 25-mile (40km) plume that has fouled the riverbank.

The breach in south-central Montana led to the temporary evacuation of hundreds of residents along a 20-mile stretch of the river, a key tourist attraction in the region that runs through the famous national park of the same name. Cleanup crews deployed booms and absorbent material as the plume moved downstream at around 7mph (10km/h):""....Read more HERE

Biofuels land grab in Kenya's Tana Delta fuels talk of war

""The eviction of the villagers to make way for a sugar cane plantation is part of a wider land grab going on in Kenya's Tana Delta that is not only pushing people off plots they have farmed for generations, stealing their water resources and raising tribal tensions that many fear will escalate into war, but also destroying a unique wetland habitat that is home to hundreds of rare and spectacular birds.

The irony is that most of the land is being taken for allegedly environmental reasons – to allow private companies to grow water-thirsty sugar cane and jatropha for the biofuels so much in demand in the west, where green legislation, designed to ease carbon dioxide emissions, is requiring they are mixed with petrol and diesel.""...Read more HERE

Creating "Solar Entrepreneurs" in rural areas in developing countries...Solve a local problem that has global implications AND give someone an entreprenuerial opportunity...Does it get any better than that?

I love the concept of Social Enterprise--Equipping people in developing countries with the training,tools and capital to SELL (not give away) a product and/or service that solves a local problem. Solve a problem, fill a need (or want) and create a job--free enterprise at its finest.  Here is one I just stumbled upon. Selling easy to use solar power technology in rural Africa through a network of "Solar Entrepreneurs".  The focus in on training and equipping women to sell to women in remote villages. If you are young, ambitious and want to help people to help themselves, than working for or establishing your own social enterprise of some sort may be for you. I urge you to check this one out.

Solar Sister wants to light up rural Africa: Rugged, intuitive to use, affordable solar lamps that women can sell door-to-door change lives.

""Solar Sister eradicates energy poverty by empowering women with economic opportunity. We combine the breakthrough potential of solar technology with a deliberately woman-centered direct sales network to bring light, hope and opportunity to even the most remote communities in rural Africa (see flow chart below)

Investing in women is not only the right thing to do, it is the smart thing to do. Solar Sister creates sustainable businesses, powered by smart investment in women entrepreneurs. When you invest in a woman, you invest in the future. Join us by making an investment in a Solar Sister Entrepreneur today.""....Read more HERE at SolarSister.org...

This "Summer" we need to "Fall" for the Arab "Spring" or it will be a dark "Winter" for seasons to come for us. The issue in one chart here...

Further evidence (for me) that the underlying reason for the "Arab Spring" movement in the Middle East can be explained in economic terms.  The chart below shows the rate of unemployment for young(er) people in select Middle Eastern countries relative to other parts of the world.  Below that are snapshots of most of the countries represented in the chart.  Focus just on the population pyramids in each one.

There is a toxic mix of a lack of economic opportunity AND a demographic balance tilted toward the very young.  Also, as noted here, "In contrast to most of the world, joblessness in many Middle Eastern countries tends to increase with schooling: the unemployment rate among those with college degrees exceeds 15 percent in Egypt, Jordan, and Tunisia."

Hmmm...lots of young, educated people with access to technology, diffuse knowledge of the "outside" world and a lack of opportunity domestically---Change in the region is inevitable--regardless of the despots actions today...   

Source: The Conversable Economist

 



Informative Graphic on Rising Food Prices around the World...We need to do better...

Source: World Food Progarmme

What is the World's Worst Dictator biggest crime against humanity? Genocide? Torture? No, it is an economic term that harkens back to the 1970's...

This came from Parade Magazine. They profile the World's Worst Dictators.  They give a one line overview of their "crimes against humanity".  As a teacher of economics, I am glad to see that Stagflation is number 1 on the list of high crimes...

Map of the World at Night and of the Korean Peninsula...Quite dramatic.

The World at Night. One of my favorite visuals of all time.  There are many things to observe on this map that says alot about geography, culture, economics, politics, etc in a country and region.  What do you see when you view the first map? The second map shows the Korean Peninsula in two different time periods, 1992 and 2008.  The South has changed considerably and in the North it is pretty much status quo---quite sad. (Source Aidwatchers)

Aidwatchers