Monday, February 10, 2014
Fascinating factoids from World Bank economist, Branko Milanovic: You need an annual income of just $34,000 a year to be in the richest 1% of the world. To be in the top half of the globe you need to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000. Something to ponder next time we rage about the top 1% :)
Sunday, February 09, 2014
Swami Aiyar channels Ambedkar in his criticism of well-meaning village empowerment, a subject made topical by the AAP party's moves towards decentralization to the mohalla level.
Weekend long read 2: Arun Shourie delivers a masterclass on the political economy of reforms. A must read for anyone interested in why it is so difficult to do the manifestly obvious.
Nine reasons why the U.S. ended up more car dependant.
Weekend read 1: A very thoughtful New York Times magazine story. Long, but worth reading to the end.