Author Archives: mkevane

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About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.

Truer words never spoken: Newton Ahmed Barry

In an interview with Radio Omega he tells it like it is.  And he is right.  When the top echelons of Blaise Compaoré’s regime effectuate a palace coup taking advantage of a popular uprising, how likely is it that the … Continue reading

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Three months jail time for massive financial fraud in Iceland?

The former chief executive of Landsbanki of Iceland was sentenced to prison on Wednesday, the third of the top executives of the country’s three largest banks that the government has successfully prosecuted and jailed for misconduct during the financial crisis.  … Continue reading

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Fed releases minutes from meeting 3 weeks ago: Not much new

Fed officials have described the statement as indicating that the central bank is most likely to begin raising short-term rates in mid-2015. The account of the October meeting, released after a standard three-week delay, said a couple of officials wanted … Continue reading

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Why is it hard to operate a small non-profit in Burkina Faso?

The military takeover and civilian transition have left unclear who is in charge of rural communes, and hence public libraries.  But hopefully will be straightened out soon. Le lieutenant-colonel Isaac Zida assure la continuité de l’Etat jusqu’à la remise du … Continue reading

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Tim Taylor’s nice discussion of ‘secular stagnation”

Basically, if population is getting older, and new investments (software) do not generate much employment and hence multiplier effects (and indeed induce people to work less, because what is better than checking your Facebook page all day long?) then GDP … Continue reading

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The economic policy pessimists are having a field day with Japan

As you may have guessed, this is not some special problem that only Japan has. The whole world is in the middle of that same demographic transition, in more or less dramatic forms. Productivity in the richest countries is growing … Continue reading

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A dangerous distraction… don’t learn now, forever suffer consequences!

Here’s another study that reflects poorly on mobile devices — cell phones this time — in the classroom. Duncan, Hoekstra, and Wilcox 2012 investigated cell phone use by students in five introductory science courses through in-class observations, student surveys, and … Continue reading

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Japan’s goes into recession

The preliminary economic report, issued by the Cabinet Office, showed that gross domestic product fell at an annualized pace of 1.6 percent in the quarter through September.That added to the previous quarter’s much larger decline, which the government now puts … Continue reading

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Zida appeals to international community: #Burkina case is different!

I tend to agree.  This is not the time for automatic application of rules about sanctions without nuance. Quant à la communauté internationale, tout en saluant une fois de plus sa contribution, nous l’exhortons à continuer de nous accompagner pour … Continue reading

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Who wrote Zida’s speech?

Who wrote Zida’s speech?  I’m going for Valère Somé… or someone very familiar with Sankara’s speeches… just some signs .. either Zida is extraordinarily well-read, or he called back some of the old guard to beef up his speech… or … Continue reading

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Excellent The Economist survey on trade in the Pacific and the TPP

Michael Froman, America’s trade representative, says the TPP is about ensuring high labour standards, exposing state-owned enterprises to level competition with private enterprises and including digital activity “to ensure a free and open internet”. When he held informal talks with … Continue reading

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Chronogramme de la transition… #Burkina

16 novembre Désignation du président de la transition au plus tard à minuit 17 novembre Validation au Conseil constitutionnel du président de la transition (10h) Processus de désignation des représentants des différentes composantes pour la composition du Conseil national de … Continue reading

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enjailler, verbe

J. Stéphane Nikièma ‏@JeanNikiema 8m8 minutes ago Ah oui je suis enjaillé de ton discours, Lt Col Yacouba Isaac Zida tu es un dur! #lwili enjailler, verbe Sens- Verbe utilisé par les jeunes, “enjailler” viendrait de l’anglais “enjoy” (apprécier) ou … Continue reading

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New York Times worries that falls in commodity prices herald big slowdown in GDP growth

The drop in prices, however, has been good for the United States, which is growing faster than other industrialized economies. Lower oil prices in particular will provide a much needed stimulus to consumers, particularly lower-income Americans who spend a larger … Continue reading

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San Fermin – Summer kind of sickness… wonderfully quirky, lovely song

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Trade talks with Asia high on President Obama’s agenda

Talks with China over expanding the 1997 treaty on information technology broke down last year over the scope of the products covered by the agreement. But after intensive negotiations leading up to Mr. Obama’s visit, Mr. Froman said, the Americans … Continue reading

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Critique of Trans-Pacific Partnership trade pact

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Suntech bankruptcy… a lesson for would-be government subsidizers

Suntech Power, a Chinese manufacturer that became the world’s largest producer of solar panels by 2011 only to be battered by plummeting prices, announced on Wednesday evening that its main operating subsidiary had been pushed into bankruptcy by eight Chinese … Continue reading

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Bear Stearns bailout context from Fed transcripts

Transcripts released by the Federal Reserve on Friday [Feb 22 2014] indicated that the central bank’s Federal Open Market Committee didn’t discuss a direct bailout of Bear Stearns just days before it provided the struggling investment bank with a $12.9 … Continue reading

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A nice substantive polemic by Koudraogo Ouédraogo on one of the transition documents in Burkina Faso….well worth reading

Il est dommage qu’il n’y ait pas eu de fuite de ce document avant son adoption pour mettre au burkinabè de réagir dessus, afin de guider les débats ! C’est ce qui se fait dans certaine démocraties avancées, afin de … Continue reading

Posted in Politics | Comments Off on A nice substantive polemic by Koudraogo Ouédraogo on one of the transition documents in Burkina Faso….well worth reading