If you want to know why elver-related crime is on the rise in Maine (and elsewhere), look no further than the chart above, which shows just how valuable those wriggly little creatures have become in the past few years. As this dissection of the political tussle over fishing licenses reveals, the Asian appetite for baby […]
Entries Tagged as 'economics'
Parallel Lives
December 14th, 2012 · Comments Off on Parallel Lives
Ireland’s Travellers invite a fair amount of voyeurism on account of their reputation for physical toughness and petty crime. The conventional wisdom is that this social group has decided to remain distinct from mainstream Irish society, in order to preserve their unique cultural traditions. But German photographer Birte Kaufman, who has documented life in a […]
Tags:economics·Ireland·Travellers
The Persistence of Myth
October 2nd, 2012 · Comments Off on The Persistence of Myth
It has become an article of faith that the illicit drug business is every bit as sophisticated as its Fortune 500 counterparts. But a closer look at the industry’s transportation practices reveals some definite scientific shortcomings. As this Dutch study of drug-courier techniques demonstrates, trafficking networks continue to employ concealment practices that have long been […]
No Half Measures
September 19th, 2012 · 1 Comment
The Ivorian government thinks it’s trying to do its cocoa farmers a solid by guaranteeing export prices, rather than leaving folks at the mercy of a capricious market. But the farmers don’t seem to appreciate the gesture, for the way the prices are apparently being calculated by bureaucrats who don’t understand the country’s on-the-ground realities: […]
Tags:agriculture·cocoa·corruption·economics·Ivory Coast·smuggling
Simple Things
August 22nd, 2012 · Comments Off on Simple Things
As I have previously explored, Bangladesh has some of the world’s most lethal roads. The nation’s motor vehicle-related fatality rate is about fifty times greater than in any Western country. As this piece makes clear, that sad fact is creating a massive drag on the Bangladeshi economy: According to the World Health Organisation (WHO), road […]
Tags:Bangladesh·cars·economics·traffic
The Perils of Going Legit
July 25th, 2012 · Comments Off on The Perils of Going Legit
I’m one of those blokes who will argue ’til the end of time that The Godfather: Part II far surpasses the original. That’s largely because of the whole Vito Corelone backstory, which includes the single greatest flawed gangster of all time. But I also dig the quiet tension created by Michael Corleone’s vacillation over his […]
Tags:Chicago·Conservative Vice Lords·crime·economics·movies·The Godfather II
Hopping to Oblivion
July 17th, 2012 · 12 Comments
The Jenga-like nature of markets is revealed in the tale of Australia’s kangaroo-meat crisis. There was a time when steaks and chops taken from Down Under’s most celebrated marsupials seemed destined to become a staple of butcher’s shops the world over. No country developed a more ravenous appetite for kangaroo meat than Russia, which came […]
Tags:agriculture·Australia·economics·hunting·kangaroos·marketing·Russia
Good Luck, Mr. Atayev
July 10th, 2012 · 1 Comment
Turkmenistan’s National Space Agency has a new chairman, who will be expected to oversee the monumental task of launching the country’s first satellite. I’m still not entirely clear on why Turkmen dictator Gurbanguly Berdimuhamedov is making this such a huge priority, for the official explanation is gobbledygook: the satellite, the nation’s state news agency tells […]
The Streets Ain’t Paved with Gold
July 3rd, 2012 · 1 Comment
There is a common and compelling narrative regarding the power of immigrant remittances: A busboy or chambermaid supports their entire native village by wiring money back home. We love these stories because they affirm the economic superiority of our circumstances, as well as the continued robustness of the American dream—through gumption and hard work, anyone […]
The Value of a Vote
June 22nd, 2012 · 1 Comment
This weekend’s national election in Papua New Guinea is a real grudge match between bitter enemies: Sir Michael Somare, the dominant figure in the nation’s politics since independence, and Peter O’Neill, the man who replaced him as prime minister under dubious circumstances. The nastiness of this rivalry is reflected in the cost of electoral corruption, […]
Optimal Ransom
June 20th, 2012 · 6 Comments
When Nigerian soccer star Christian Obodo was briefly kidnapped earlier this month, I was struck not only by the boldness of the crime, but also by the crooks’ obvious sensitivity to economic realities. For as this early account of the caper makes clear, the kidnappers and Obodo’s family started the negotiations on more-or-less the same […]
Tags:Christian Obodo·economics·kidnapping·Papua New Guinea·soccer·sports
The Economics of Bird Theft
May 18th, 2012 · Comments Off on The Economics of Bird Theft
I must confess to an undue fascination with bird theft, a crime too-seldom explored in the annals of popular literature. Though there is no shortage of stories about purloined finches, reporters never seem to explain how much the crooks stand to earn—or, more important, the mechanics of fencing illegally obtained birds. I was thus pleased […]
Tags:bird theft·birds·Cameroon·crime·economics·Florida·swans
A Questionable Deterrent
April 12th, 2012 · 3 Comments
In countries where the rule of law is less-than-robust, traffic cops can often best be classified as entrepreneurs rather than law-enforcement officials. Their main concern is not keeping the streets safe, but rather extracting bribes from unfortunate drivers—a pursuit that has made some Zambian policeman rather wealthy by that nation’s standards: Home Affairs Minister Kennedy […]
The Forces Arrayed Against Nachos
February 24th, 2012 · 3 Comments
I’m a sucker for creative metrics, such as measuring a creature’s ferocity by how quickly it can skeletonize a cow. One of my favorites is the way in which a nation’s development is assessed by how rapidly it’s being colonized by Western franchises. Take Indonesia, which is revealed here to be “opening a new convenience […]
Tags:7-11·corruption·economics·food·Indonesia
A Perverse Incentive
February 22nd, 2012 · 3 Comments
I’m a few pages from the end of Kevin Myers’ Watching the Door, the peak of which is an extended discussion of how The Troubles became economically advantageous for both sides. I particularly enjoyed this dissection of how Belfast’s various paramilitary organization profited off the mayhem they created: Glaziers—who, because they were associated with the […]
Tags:books·economics·Kevin Myers·Northern Ireland·The Troubles·Watching the Door
The Exchange
February 17th, 2012 · Comments Off on The Exchange
Tough to believe I just recently stumbled upon this treasure trove of Roma-related information, which includes a bevy of rare photos and dozens of audio-enhanced oral histories. I came across the project while trying to get a better sense of what it’s like to endure aerial bombardment—more on that soon—but I ended up most absorbed […]
Long in the Tooth
February 14th, 2012 · 5 Comments
Based on my formative experiences with BJ and the Bear reruns, I’ve long imagined the archetypal American trucker as a picture of health. But the men and women who brings goods to market are actually a pretty grizzled lot these days (PDF): The average age of a truck driver in the United States is over […]
Mutineers Move Markets
January 31st, 2012 · Comments Off on Mutineers Move Markets
The recent unpleasantness is Papua New Guinea provides a salient reminder that the global financial system, despite employing some very sharp minds, often acts on impulse. In response to the recent mutiny outside Port Moresby, Standard & Poor’s has slashed PNG’s credit rating. An S&P analyst explained the firms rational thusly: We have these ratings […]
The Value of a Dolphin
January 25th, 2012 · Comments Off on The Value of a Dolphin
The loyalest of y’all may have noticed that I have a longstanding fascination with the legal system’s efforts to value the supposedly invaluable. Which is why I was struck by this recent tidbit out of the Solomon Islands: THE High Court has ordered the Solomon Islands Government and the Ministry of Fisheries to pay Marine […]
Tags:cetaceans·cows·dolphins·economics·intelligence·law·Solomon Islands
The Purple Tin
January 20th, 2012 · 6 Comments
Though Europeans are generally drinking a great deal less these days, the Scottish are bucking the trend. Per the chart above, alcohol consumption has been steadily rising in the land north of the border established by the Treaty of York. The question that no one seems able to answer with any degree of certainty is […]
Decimal Points
January 5th, 2012 · 2 Comments
I should have mentioned long ago that noted Microkhan ally Nathan Thornburgh has launched a new project near-and-dear to my heart: Roads & Kingdoms, a site that operates under the hard-to-resist motto “Journalism, travel, food, murder, music.” The first several weeks’ worth of posts have focused exclusively on Burma, where Nathan and his co-creator traveled […]
Groggy
November 29th, 2011 · 2 Comments
It’s no secret that myriad small Pacific nations are having problems with First World diseases, especially those related to obesity. Fiji’s dictatorial government believes that its citizens’ expanding waistlines are due not only to food consumption, but also to overindulgence in yaqona, a mild intoxicant you may know better as kava: Fiji’s all-time favourite pastime, […]
By Accident of Birth
October 21st, 2011 · Comments Off on By Accident of Birth
I am sure that hunting alligators on the Bayou is an especially tricky way to make one’s living. But according to this profile of a lady far tougher than I’ll ever be, the vocation is at least somewhat easier if you have the good fortune to belong to a favored family: Victoria Bouvier, a 41-year-old […]
Plateau Bargaining
October 20th, 2011 · Comments Off on Plateau Bargaining
The world economy isn’t only roiled by the machinations of Wall Streeters who are too clever by half; old-fashioned strikes can still upset the delicate equilibrium between prosperity and chaos. An excellent case in point is the ongoing fracas at the Freeport’s Grasberg mine in the restive Indonesian province of Papua. The operation is the […]
Everything Counts in Large Amounts
October 14th, 2011 · 2 Comments
Buried in this alarming account of crooked Brooklyn cops is a brief aside about how New York City is settling up with the scandal’s victims. Dozens, if not hundreds of men were falsely imprisoned after having drugs planted on them by police striving to hit their monthly arrest quotas. How much money do those men […]
Only the Little People Pay Taxes
September 29th, 2011 · 2 Comments
For all but dedicated observers of southern African politics, King Mswati III of Swaziland is known primarily for his polygamous lifestyle and its attendant chaos. But the absolute monarch deserves scorn not for his libertinism, but rather the absolutely atrocious way he has handled Swaziland’s public finances. Mswati’s financial recklessness is the reason his nation […]
Tags:business·corruption·crime·economics·King Mswati III·Swaziland
A Fat Lot of Good
August 29th, 2011 · 4 Comments
A recent deep-dive into the history of the dye pack got me wondering about long-term trends in bank robbery. So much brainpower has gone into devising gadgets and strategies that allegedly help financial institutions minimize the risk of getting hit. Are those security investments working? That’s a tougher question to answer than I had anticipated, […]
Keeping It Far Too Real: The Blackjack Ward Story
July 7th, 2011 · 2 Comments
While snooping about some old Google-able papers the other day, I stumbled across this true-crime tidbit about a 1940 murder case involving a pair of Hollywood extras. The killing took place in Gower Gulch, a street corner where former cowboys would gather in hopes of being picked to appear in B-grade Westerns—much like day laborers […]
Wishful Milking
June 6th, 2011 · Comments Off on Wishful Milking
If you’re the sort who follows the more bizarre tidbits to emerge from the world of agribusiness, you’ve probably noticed that there’s been quite a stir about camel milk as of late. The United Arab Emirates, for one, has vowed to take advantage of relaxed European Union regulations regarding the import of the offbeat dairy […]
Requiem for the Slug Kings
April 28th, 2011 · 1 Comment
A surprising number of tears were shed when the world’s last manual-typewriter factory announced its shuttering a few days back. Once again, generations of technological know-how are set to evaporate as a once state-of-the-art invention tumbles into museum mode. The manual typewriter industry’s long-anticipated demise got me thinking about engineering wizards whose skills have been […]
Tags:crime·economics·New York City·subways·technology·transportation·typewriters