Category Archives: Countries

U.S. Drought, Corn and Food Prices – July 24, 2012

  1. US drought could trigger repeat of global food crisis, experts warn – Suzanne Goldenberg (The Guardian)
  2. Europe Heat Wave Wilting Corn Adds to U.S. Drought: Commodities – Rudy Ruitenberg (Bloomberg)
  3. Vilsack: House must pass drought help in farm bill – David Pitt (Business Week)
  4. Grain markets weather driven but selling pressure builds | Price rise too far, too fast? Allendale Inc. (Futures Magazine)
  5. European debt worries drive down commodities, end record streaks for corn, soybeans – Associated Press (Washington Post)

 

Texas Drought Update – July 20, 2012

  1. How One Drought Changed Texas Agriculture Forever – John Burnett (NPR)
  2. About Those High Beef Prices: Remember Last Year’s Drought In Texas? Angelo Young (International Business Times)
  3. Texas Drought: Recent rains bring little drought relief (Lower Colorado River Authority-LCRA)
  4. Texas Drought Facts (The Texas Drought Project)
  5. On Drought, Texas to Nation: We Know How You Feel – Scott Harvey (KETR.org)

 

U.S. Drought Conditions Still Severe – July 19, 2012

  1. Updated U.S. Drought Map (U.S. Drought Portal)
  2. Ag Secretary Tom Vilsack on the worst drought in decades- Interview by Jeremy Hobson (Marketplace.com)
  3. High Corn Prices Will Raise Food Prices (Live Trading News)
  4. How droughts will reshape the United States – Brad Plumer (Washington Post)
  5. Grain futures hit highs on drought – Dow Jones Newswires (Agriculture.com)
  6. As corn burns, excess ethanol credits help dampen demand – Jonathan Leff and Janet McGurty, Reuters (Cattle Network)

 

U.S. Drought Threatens Crops and Cattle – July 18, 2012

  1. Drought dims U.S. farm economy hopes – Joshua Zumbrun and Mark Drajem, Bloomberg (Futures Magazine)
  2. Drought Worsens for Farmers and Ranchers – Jennifer Preston | The Lede (New York Times)
  3. Drought wreaking havoc on cattle, hog farmers – Jeff Caldwell (Agriculture.com)
  4. Huge Dramatic Photos Of The Drought That’s Devastating America’s Farmland – Mamta Badkar and Rob Wile (Business Insider)
  5. Here’s Every Product On The Planet That Has Corn In It [INFOGRAPHIC] – Rob Wile (Business Insider)

The Top 10 Challenges for India

India is a country with extraordinary problems due to the size of its population. At the same time, it has extraordinary potential which may be realized if it can implement some major changes best identified in a paper released by Goldman Sachs in 2008 (PDF). According to the study, there are ten key areas where reform is needed:

  1. Improve governance
  2. Raise educational achievement
  3. Increase quality and quantity of universities
  4. Control inflation
  5. Introduce a credible fiscal policy
  6. Liberalize financial markets
  7. Increase trade with neighbors
  8. Increase agricultural productivity
  9. Improve infrastructure
  10. Improve environmental quality

I believe the only controversial item in the list above may be number six, given the disastrous effects that financial market deregulation had in the US in recent years. Nevertheless, the nine other recommendations are still highly relevant and fundamentally sound. Do you agree?

Top Problems in Mexico

We recently came across the results of a survey conducted by the Pew Research Center’s Global Attitudes Project. According to the survey, the top problems in Mexico as reported by Mexican citizens are:

  1. Crime
  2. Cartel-related violence
  3. Illegal drugs
  4. Economic problems
  5. Corruption
  6. Terrorism
  7. Pollution
  8. Emigration for jobs

Do you agree with the ranking above? Are there any problems that you believe are more important?

Income Inequality in Greece

As the political situation in Greece continues to deteriorate, we decided to take a look at the income distribution statistics we have for the country. Take a look at the graph we created based on World Bank numbers:

image

The graph shows the income share for each quintile of the population. The top 20% has a 41.49% share of income, while the bottom 20% has a 6.74% share.

Note that all income share numbers are from the year 2000. We have not been able to locate more recent data, although the CIA World Factbook publishes GINI index numbers which are more recent.

It will be interesting to see how the distribution of income in Greece changes once the effect of the current crisis is quantified.

Internet traffic from Libya

I thought it would be interesting to share a snapshot of our traffic graphs to show how Internet access to our site has been affected during the uprisings in the Middle East. Let’s start with a graph showing visits from Tripoli, the capital of Libya.

Tripoli City Detail- - Google Analytics

The graph above shows that access to the Internet in Tripoli has been virtually non-existent since February. It will be interesting to see how fast traffic recovers once it gets restored.

Contrast the graph above to the traffic chart for Cairo (Egypt):

Cairo City Detail- - Google Analytics

As shown above, visits from Cairo dipped considerably for a few days at the end of January / beginning of February, but it recovered fairly quickly once Mubarak stepped down.

The final graph I wanted to share is for Tunis, the capital of Tunisia:

Tunis City Detail- - Google Analytics

It is remarkable that visits from Tunis were largely unaffected despite the turmoil that started in December 2010 and continued until the ouster of President Ben Ali on January 14th, 2011.