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October 2007

World Economic Outlook: Globalization and Inequality

Ignacio Hernandez's picture



The IMF presented recently its Fall World Economic Outlook, with the title Globalization and Inequality.




Malaria digest

There are three reasons to be optimistic: a new, more effective drug and two vaccine prototypes - one of which made using mosquitoes' saliva glands. Stefan Kappe, the researcher, says:

We've made vaccines from pus and poop, we make them now using eggs—so why not make them in live mosquitoes?

Social capital can get you through credit crunch

At times when the cost of credit in the mainstream market rises, subprime borrowers, who have to pay even higher interest rates, can find their chance in the arms of social lenders. Because peer-to-peer lenders, such as Prosper, don't face the same constraints during a financial crunch as normal banks, they are able to charge lower rates and prosper.