Poverty, Income Inequality and Economic Development

Financial Times reports (link) on the new measure of poverty proposed by economists from Oxford University. The authors suggested the modification of current measure of poverty which, defined by the World Bank in annually published World Development Report, is currently set at the threshold of $1.25 per day or less. The new measure proposed . . . → Read More: Poverty, Income Inequality and Economic Development

Interesting Readings for July 16, 2010

The top selling Indian newspapers according to Amazon’s kindle subscriptions.

India’s courts may be in a slow process of reshaping India into a liberal democracy. Here is a Supreme Court ruling which blocks the Maharasthra government from interfering with the rights of a citizen to read a certain book. Sadly, it was done . . . → Read More: Interesting Readings for July 16, 2010

Economic Events on July 16, 2010

At 8:30 AM EDT, the Consumer Price Index report for June will be released.  The consensus is that CPI decreased by 0.1% last month, with a 0.1% increase in CPI when food and energy are removed.

At 9:00 AM EDT, the Treasury International Capital report for May will be released, showing the flow of . . . → Read More: Economic Events on July 16, 2010