With the start of the World Cup less than two months away, South African cops are working hard to stem the tide of counterfeit jerseys: A Swazi man was on Saturday night arrested at the Oshoek Border gate after allegedly being found with 12,000 fake World Cup soccer shirts worth E3.6million. SAPS spokesman Colonel Vishnu […]
Tags:counterfeiting·crime·economics·soccer·South Africa·World Cup
The financial crunch caused by Microkhan Jr.’s increasing appetite for food and Cookie Monster paraphernalia forced us to drop our Economist subscription this year, so we’re late to the mag’s report on the drop in female births throughout much of the world. But it’s essential reading—a disturbing look at a trend that could lead to […]
There is plenty of statistical candy to consume in the CIA Factbook‘s latest net migration figures. We had no idea, for example, that people were actually flocking to strife-torn Cyprus, or that Grenadians were so hot to leave the erstwhile Isle of Spice. But what really struck us was a stat that harkens back to […]
When conducting business deals with their fellow private citizens, people basically tend to be honest. Perhaps this is because we all secretly fear retribution and punishment, no matter how unlikely the consequences. Or maybe it’s just that we’re wired to realize that society can’t function if we’re constantly preoccupied with suspicion. Whatever the explanation, the […]
As the late Art Buchwald would have been happy to tell you, Hollywood’s accounting practices tend to be garbled at best, and borderline criminal at worst. Studio bean counters are masters of obfuscation and misdirection, with a knack for making blockbusters seem like middling hits, and profitable B-movies appear like money losers. Figuring out how […]
Whenever we find ourselves wandering around a massive Chinese supermarket, we inevitably gawk at the price of dried abalone. The delicacy has never crossed our lips thanks to its exorbitant cost. But millions of Asian consumers are willing to fork over the pretty penny, in part due to the marine snail’s reputation as an aphrodisiac. […]
Tags:abalone·China·crime·drugs·economics·methamphetamine·South Africa·wildlife management
The Wired cover story this month is not our Ug99 opus, but rather a brilliant meditation on the future of money. A couple of years hence, you can forget about the ATM—just think “pay this man,” and neural implants will automatically wire dough from your bank account to your creditor. Or something like that. In […]
In reading about the persistence of clan feuding on Mindanao, we got to thinking about how governments can best end such cycles of revenge. Our natural assumption is that these feuds exist where organized justice is in short supply, and so familial units take over the role of punishing offenders. But a University of Maryland […]
Because so few potential clients are directly threatened by volcanoes, the insurance industry hasn’t developed sophisticated models to estimate damage due to cataclysmic eruptions. But sooner or later, a volcano located near a major population center is going to blow, and government cash alone may not be enough to heal the economic wounds. Could the […]
Tags:economics·Indonesia·insurance·Italy·Mount Tambora·Mount Vesuvius·volcanoes
A few days back, we touched on the challenges of undermining one’s enemy by counterfeiting his currency. Today we’d like to shift the focus to another tactic of fiscal warfare: issuing a new currency upon seceding from a national union. We all know the Confederacy did it back in the day, but it has become […]
Nations at odds have long resorted to counterfeiting one another’s currencies, on the theory that doing so can severely undermine a foe’s economy. But the tactic just doesn’t sting like it used to, in part because cash is so less essential today, but also because the increasing sophistication of anti-counterfeiting technology has made the gambit […]
Tags:Alabama·counterfeiting·crime·economics·Iran·North Korea
One of our treasured Japanese correspondents just have us a heads up about this tragedy, involving an airplane stowaway who apparently froze to death while concealed in a Boeing 777’s landing gear. Such deaths are actually somewhat common, not to mention quite predictable—at 35,00 feet, temperatures are insanely icy, and oxygen scarce. Yet men and […]
Tags:airplane stowaways·aviation·Cuba·economics·immigration·public health·Tahiti
South Koreans are scrambling to incinerate their dead like never before, a trend that has forced the government to revise the law and allow funeral homes to cremate bodies, rather than ship them to one of only four crematoriums in the entire nation. That certainly seems like a much-needed legal step, given the recent increase […]
Tags:burial·cremation·economics·South Korea·Tennessee·Washington
Looking to use some Amazon credit we scored over the holidays, we flirted with the idea of finally picking up an album that we’ve long coveted: Sean Price‘s ultra-rare Donkey Sean Jr. mixtape, which features the oft-remixed (and eternally amazing) “60 Bar Dash.” Lo and behold, however, we’re not the only folks with such ideas […]
Tags:economics·hip-hop·music·Sean Price
Last night while cooking dinner, we decided to rev up a documentary that’s been languishing on our Netflix Instant queue for ages: Witch Hunt. Suffice to say that we weren’t anywhere near prepared for the ensuing 90 minutes, in which the filmmakers unwind a completely devastating J’accuse regarding the Kern County child-abuse panic of the […]
Tags:California·crime·economics·John Stoll·law·movies·South Korea·Witch Hunt
An MIT economist argues that botched incentives, rather than scientific hurdles, are frustrating the quest for an HIV vaccine. The point that jumped out at us the most: It has become increasingly apparent that an HIV vaccine may need to be administered in combination with antiretroviral drugs, even if a stand-alone vaccine remains the ultimate […]
Australia’s epic drought could end up being something of a boon to neighboring New Zealand, at least in terms of aboveboard narcotic production. Half the world’s legal opium crop is grown on tiny Tasmania, largely under the auspices of Tasmania Alkaloids—a company that operates under the all-time most intentionally innocuous slogan of “Value Adding in […]
Tags:agriculture·Australia·drugs·economics·New Zealand·opium·Tasmania·Tasmanian Alkaloids
Following up on last week’s post regarding the general dreadfulness of rulers who get their mugs put on coins, we had to add another rogue to the gallery: the late Mobutu Sese Seko of Zaire. One of his personalized coins can be glimpsed here, and some of his paper money above. Mobutu certainly proves our […]
Tags:Brandon Grove·corruption·currency·diplomacy·economics·Mobutu Sese Seko·Zaire
As we went digging into our pocket for some change this morning, we came up with a piece of currency sure to give the vending machine a case of indigestion: a 20 shilling coin from Kenya, a souvenir of our recent East African jaunt. Before tossing back the useless money in frustration, however, we noticed […]
Tags:animals·Burma·coins·currency·economics·Ivory Coast·Kenya·North Korea·politics·Roman Empire·Turkmenbashi·Turkmenistan
In one of our recent posts regarding the troubled Pakistani snake-venom industry, we opined that government price controls were making the black market too appealing for Sindh Province’s snake charmers. As it turns out, a similar scenario is playing out far to the south, where India’s snake-catching Irula tribe is suspected of selling venom off […]
Tags:antivenin·economics·India·Irulas·Pakistan·reptiles·snakes
For obvious reasons—primarily the abundance of English-language sources—the bulk of our First Contact series has focused on European accounts of “New World” civilizations. Today’s entry breaks that trend, however, by harkening back to a more intramural culture clash: that between the Romans and the Germans, during the waning years of the Roman Republic. The eyewitness […]
Tags:ancient history·Communism·economics·First Contact·Germany·Julius Caesar·Roman Empire
Our post about Teddy Roosevelt’s health-care reform attracted a fair number of responses, in particular the ending snippet about the Progressive Party’s opposition to privately contracted prison labor. As one commenter pointed out, this opposition wasn’t borne out of genuine concern over the practice’s moral shortcomings, but rather Big Labor griping over the downward pressure […]
Tags:C.L.R. James·economics·philosophy·prisons·slavery·Theodore Roosevelt
As soon as President Obama invoked Theodore Roosevelt’s name last night, we started digging through the archives in search of details about the Bull Moose’s call for health-care reform. It was a tougher get than we expected, as the proposal amounts to little more than a single line in the Progressive Party’s final 1912 platform; […]
Tags:Barack Obama·economics·presidents·prisons·public health·Theodore Roosevelt
We here at Microkhan are avid fans of Robert Young Pelton’s World’s Most Dangerous Places series, in part because we never cease being amazed by the man’s utter ballsiness. (Algeria sans security in the thick of civil war? Really?) But the lure in Pelton’s work isn’t just his bravado—it’s his frankness about which travels threats […]
Tags:cars·economics·Kazakhstan·public health·Robert Young Pelton·statistics·travel·World Health Organization
As you’re stuffing your face with sweet sausages and Budwesier Chelada this holiday weekend, we hope you’ll pause for a brief moment to remember those who really could have used a Labor Day respite: victims of karōshi, who remain far more numerous than they should be. Karōshi translates from the Japanese as “death from overwork,” […]
Tags:economics·games·Japan·karōshi·law·public health·statistics·suicide
Legal wolf hunting has finally returned to the Lower 48, ostensibly as a way to control the species’ population while also earning Idaho’s state government a few bucks. The program obviously has some folks in a lather, as history shows that rapacious hunting was responsible for the gray wolf‘s longtime residency on the endangered species […]
Tags:economics·hunting·Idaho·Nebraska·wildlife management·wolves
Inspired in part by the “Meat is the new bread!” daring of the much maligned KFC Double Down, we recently found ourselves keen on learning more about the history of America’s love affair with flour. There is, of course, good reason that one of our most patriotic songs goes out of its way to shout […]
Tags:breakfast cereal·China·development·economics·food·India·John Harvey Kellogg·U.S. history·wheat
During out all-too-brief sojourn in St. Cloud, Minnesota, we caught wind of James Leroy Iverson’s release from North Dakota’s Missouri River Correctional Facility, after serving 40 years for a pair of 1969 murders. Iverson was, in fact, North Dakota’s longest-serving inmate, and thus a man unaccustomed to 21st-century living. What has shocked him the most […]
Tags:economics·energy·fossil fuels·James Leroy Iverson·North Dakota·prisons
Depression v2.0 may be rough all around, but that doesn’t mean there aren’t more than a few economic winners amidst the widespread misery. You already knew about foreclosure specialists and pawn shops; now cast your jealous gaze toward the folks who operate commercial airplane graveyards, where flailing carriers are stashing the aging jets they can […]
As we continue to plow through Patrick Radden Keefe’s excellent The Snakehead, we’ve been giving tons of thought to the impact of immigrant remittances. We never cease to be amazed by how much working-class immigrants are able to save and then contribute to the families they left behind—so much, in fact, that some economies become […]
Tags:China·economics·Guyana·immigration·Kyrgyzstan·Patrick Radden Keefe·Suirname·Tajikistan·The Snakehead
