In The News

US Officials Warn of Looming Crisis in Venezuela

Tim Johnson May 16, 2016
Venezuela should be prosperous in terms of its location and the largest reserves of crude oil in the world. But low oil prices caught such countries by surprise. Foreign oil companies are reducing activity due to low prices and payment struggles. “Venezuelan President Nicolás Maduro, already struggling to keep his country’s lights on and its stores stocked with basic food, faces a series of...

IMF: Global Corruption Costs Trillions in Bribes, Lost Growth

David Lawder May 16, 2016
Corruption destabilizes governments and the global economy as a whole. “Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty,” writes David Lawder for Reuters about an International Monetary Fund research report. The indirect costs – erosion of trust and...

Africa Faces Worst Drought in Half a Century

Bartholomäus Grill May 13, 2016
Drought is devastating some of Africa’s poorest countries, threatening water supplies, power generation and agriculture. Malawi, Mozambique, Zimbabwe, Lesotho and Swaziland have declared states of emergency. But some nations, like Ethiopia, are in denial about the impact of the abnormal sea and air patterns known as El Niño and the continent’s inability to handle population growth. Ethiopia’s...

New Attack Reported by Swift Global Bank Network

Michael Corkery May 13, 2016
Technology has allowed banks to expand into behemoths and the assets of some number in the trillions. Thieves are using banking technology to conduct online bank robberies. “Thieves have again found their way into what was thought to be the most secure financial messaging system in the world and stolen money from a bank,” reports Michael Corkery for the New York Times. Swift, or Society for...

Of Two Minds on China

Terry Lautz May 12, 2016
A multitude of internal and external economic and social forces push and pull at China, and author Terry Lautz, a Moynihan Research Fellow at Syracuse University, compares China to a fictional animal with two heads and minds facing opposite ways. “One looks toward openness and reform – freedom of expression, unfettered access to the internet and an independent legal system,” Lautz explains. “The...

Now Try This

May 12, 2016
An article from the Economist briefly summarizes the processes of high-speed quantum computing: Superposition breaks down bits into qubits – a conventional computer can work in one of 16 states at a time while the quantum computer can work with all 16 at once. Entanglement allows the quantum computer to combine qubits, exponentially increasing the number of states working on a large data set. As...

How to Meet SDG and Climate Goals: 8 Lessons for Scaling Up Development Programs

Johannes F. Linn May 11, 2016
Most countries of the world have agreed to meet UN Sustainable Development Goals and targets to limit carbon emissions as outlined with the Paris Climate treaty. Writing for Brookings, Johannes F. Linn, a former World Bank vice president, points out that governments must find ways “to meet the top-down objectives with bottom-up approaches.” He offers recommendations for meeting the goals that...