Imagine if half of the US were without power. The country would come to a complete standstill. Some people would be able to travel and those with generators would be fine, but work and the economy would slow to a halt. Now imagine the entire US population was without power; then double that. That’s what …
Tag: developing countries
Jun 22
Who shoulders the refugee burden?
Another week, another UN holiday commemorating a global social issue. This week we had World Refugee Day on June 20th, a day to “honor the courage, strength and determination of women, men and children who are forced to flee their homes under threat of persecution, conflict and violence.” With the situations ongoing in the Middle …
Apr 11
Vulture Funds and Sovereign Debts
A couple of years ago, celebrities like Bono and highly respected individuals like Nelson Mandela brought our attention to the importance of debt relief and what such relief might mean to developing countries. Ironically, at the same time, many countries began to understand the importance of having a secondary market for debt especially when dealing …