Modern India has struggled mightily to deliver sufficient power to its vast populace. Service interruptions are common, and this past summer India suffered the largest electricity blackout in human history.India is hoping a massive new dam system will keep the lights on, the NYT reports: As a solution, the government proposed constructing 292 dams throughout the […]

The higher ed bubble has claimed a new victim: MBAs. According to the WSJ, business graduates are now seeing the same wage depression that’s already decimated the legal profession and many graduate schools: Soaring tuition costs, a weak labor market and a glut of recent graduates . . . are upending the notion that professional degrees […]

No matter how you look at it, 3D printing is a game-changer. The U.S. currently leads, putting millions of dollars into developing the technology, but Germany now has its sights set on becoming number one. Der Spiegel reports: Along with US giants 3-D Systems and Stratasys, about 10 German companies provide [3D printing], some of them […]

The Palestinian Authority is being stiffed by its benefactors and can’t meet the payroll as a result. Its “nonmember state” UN status notwithstanding, the PA has been crippled by a lack of foreign largess. The AP reports: The crisis has worsened in recent years, and the government, the Palestinian Authority, has reached the point of not […]

David Brooks at the New York Times warns that our preferences for health care spending and for global power are about to collide: So far, defense budgets have not been squeezed by the Medicare vice. But that is about to change. Oswald Spengler didn’t get much right, but he was certainly correct when he told […]

Paul Krugman is the latest economics commentator to endorse the hottest solution going to the debt ceiling standoff: minting a $1 trillion coin. The Treasury, proponents say, has the right to mint coins of any denomination. By making and depositing a $1 trillion coin with the Fed, the Treasury could create an accounting credit which […]

When we last saw famous French actor Gerard Depardieu in the news, he was moving to Belgium to escape France’s absurdly high proposed 75 percent tax rate on high-income earners. We quipped that the French had nothing to fear, as his house on the border meant that he would still be close by. Well, France, […]

Not many people noticed but yesterday Pakistani and Indian soldiers shot at each other and, according to the Pakistanis, Indian forces raided a Pakistani outpost. Remember that Kashmir is the site of the world’s most dangerous standoff between nuclear powers. The Hindustan Times reports: Pakistan on Monday lodged a protest over what it described as an “unprovoked […]

Dr. Tahirul Qadri, a Sufi preacher turned rabble-rouser, has announced a plan to march with millions of supporters from Karachi to Islamabad next week in support of a broad program of political reform. Qadri first leaped onto the national political stage at an enormous rally in Lahore late last month, where he demanded reforms before […]

When Britain’s Conservatives and Liberal Democrats formed the country’s first coalition government since World War II, many predicted that it wouldn’t last until the next election. So far, the coalition is still together, but the British public remains pessimistic about its fortunes, with only 16 percent polled last summer believing the coalition would last another […]