Microkhan by Brendan I. Koerner

Entries Tagged as 'economics'

Fake Can Be Just as Good?

April 15th, 2010 · Comments Off on Fake Can Be Just as Good?

With the start of the World Cup less than two months away, South African cops are working hard to stem the tide of counterfeit jerseys: A Swazi man was on Saturday night arrested at the Oshoek Border gate after allegedly being found with 12,000 fake World Cup soccer shirts worth E3.6million. SAPS spokesman Colonel Vishnu […]

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Where Sugar and Spice Shall Soon Be Rare

March 24th, 2010 · 2 Comments

The financial crunch caused by Microkhan Jr.’s increasing appetite for food and Cookie Monster paraphernalia forced us to drop our Economist subscription this year, so we’re late to the mag’s report on the drop in female births throughout much of the world. But it’s essential reading—a disturbing look at a trend that could lead to […]

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A Lovely Place to Say Goodbye To

March 15th, 2010 · 5 Comments

There is plenty of statistical candy to consume in the CIA Factbook‘s latest net migration figures. We had no idea, for example, that people were actually flocking to strife-torn Cyprus, or that Grenadians were so hot to leave the erstwhile Isle of Spice. But what really struck us was a stat that harkens back to […]

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Gaming the System

March 9th, 2010 · 4 Comments

When conducting business deals with their fellow private citizens, people basically tend to be honest. Perhaps this is because we all secretly fear retribution and punishment, no matter how unlikely the consequences. Or maybe it’s just that we’re wired to realize that society can’t function if we’re constantly preoccupied with suspicion. Whatever the explanation, the […]

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The Nollywood Math

March 8th, 2010 · 3 Comments

As the late Art Buchwald would have been happy to tell you, Hollywood’s accounting practices tend to be garbled at best, and borderline criminal at worst. Studio bean counters are masters of obfuscation and misdirection, with a knack for making blockbusters seem like middling hits, and profitable B-movies appear like money losers. Figuring out how […]

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Let It Grow

March 1st, 2010 · Comments Off on Let It Grow

Whenever we find ourselves wandering around a massive Chinese supermarket, we inevitably gawk at the price of dried abalone. The delicacy has never crossed our lips thanks to its exorbitant cost. But millions of Asian consumers are willing to fork over the pretty penny, in part due to the marine snail’s reputation as an aphrodisiac. […]

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Shell Game

February 24th, 2010 · 2 Comments

The Wired cover story this month is not our Ug99 opus, but rather a brilliant meditation on the future of money. A couple of years hence, you can forget about the ATM—just think “pay this man,” and neural implants will automatically wire dough from your bank account to your creditor. Or something like that. In […]

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Ending the Cycle of Blood

February 23rd, 2010 · 2 Comments

In reading about the persistence of clan feuding on Mindanao, we got to thinking about how governments can best end such cycles of revenge. Our natural assumption is that these feuds exist where organized justice is in short supply, and so familial units take over the role of punishing offenders. But a University of Maryland […]

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If Vulcan Rears His Head

February 17th, 2010 · 6 Comments

Because so few potential clients are directly threatened by volcanoes, the insurance industry hasn’t developed sophisticated models to estimate damage due to cataclysmic eruptions. But sooner or later, a volcano located near a major population center is going to blow, and government cash alone may not be enough to heal the economic wounds. Could the […]

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Cashed Out

February 11th, 2010 · 6 Comments

A few days back, we touched on the challenges of undermining one’s enemy by counterfeiting his currency. Today we’d like to shift the focus to another tactic of fiscal warfare: issuing a new currency upon seceding from a national union. We all know the Confederacy did it back in the day, but it has become […]

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Fake It ‘Til You Make It

February 9th, 2010 · 4 Comments

Nations at odds have long resorted to counterfeiting one another’s currencies, on the theory that doing so can severely undermine a foe’s economy. But the tactic just doesn’t sting like it used to, in part because cash is so less essential today, but also because the increasing sophistication of anti-counterfeiting technology has made the gambit […]

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Desperation in Action

February 8th, 2010 · 4 Comments

One of our treasured Japanese correspondents just have us a heads up about this tragedy, involving an airplane stowaway who apparently froze to death while concealed in a Boeing 777’s landing gear. Such deaths are actually somewhat common, not to mention quite predictable—at 35,00 feet, temperatures are insanely icy, and oxygen scarce. Yet men and […]

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Let Me Stand Inside Your Fire

February 5th, 2010 · 2 Comments

South Koreans are scrambling to incinerate their dead like never before, a trend that has forced the government to revise the law and allow funeral homes to cremate bodies, rather than ship them to one of only four crematoriums in the entire nation. That certainly seems like a much-needed legal step, given the recent increase […]

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“Superfly Snuka Jumping from the Turnbuckle”

January 19th, 2010 · 1 Comment

Looking to use some Amazon credit we scored over the holidays, we flirted with the idea of finally picking up an album that we’ve long coveted: Sean Price‘s ultra-rare Donkey Sean Jr. mixtape, which features the oft-remixed (and eternally amazing) “60 Bar Dash.” Lo and behold, however, we’re not the only folks with such ideas […]

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A Bitter Price Tag

January 7th, 2010 · 2 Comments

Last night while cooking dinner, we decided to rev up a documentary that’s been languishing on our Netflix Instant queue for ages: Witch Hunt. Suffice to say that we weren’t anywhere near prepared for the ensuing 90 minutes, in which the filmmakers unwind a completely devastating J’accuse regarding the Kern County child-abuse panic of the […]

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The Vaccine Dream Deferred

November 10th, 2009 · 3 Comments

An MIT economist argues that botched incentives, rather than scientific hurdles, are frustrating the quest for an HIV vaccine. The point that jumped out at us the most: It has become increasingly apparent that an HIV vaccine may need to be administered in combination with antiretroviral drugs, even if a stand-alone vaccine remains the ultimate […]

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Drought and Drugs

October 27th, 2009 · Comments Off on Drought and Drugs

Australia’s epic drought could end up being something of a boon to neighboring New Zealand, at least in terms of aboveboard narcotic production. Half the world’s legal opium crop is grown on tiny Tasmania, largely under the auspices of Tasmania Alkaloids—a company that operates under the all-time most intentionally innocuous slogan of “Value Adding in […]

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The Nom de Politique Rule

October 19th, 2009 · Comments Off on The Nom de Politique Rule

Following up on last week’s post regarding the general dreadfulness of rulers who get their mugs put on coins, we had to add another rogue to the gallery: the late Mobutu Sese Seko of Zaire. One of his personalized coins can be glimpsed here, and some of his paper money above. Mobutu certainly proves our […]

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Casting With Disaster

October 15th, 2009 · 5 Comments

As we went digging into our pocket for some change this morning, we came up with a piece of currency sure to give the vending machine a case of indigestion: a 20 shilling coin from Kenya, a souvenir of our recent East African jaunt. Before tossing back the useless money in frustration, however, we noticed […]

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More on the Venom Trade

September 21st, 2009 · 5 Comments

In one of our recent posts regarding the troubled Pakistani snake-venom industry, we opined that government price controls were making the black market too appealing for Sindh Province’s snake charmers. As it turns out, a similar scenario is playing out far to the south, where India’s snake-catching Irula tribe is suspected of selling venom off […]

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First Contact: The Germans

September 18th, 2009 · 9 Comments

For obvious reasons—primarily the abundance of English-language sources—the bulk of our First Contact series has focused on European accounts of “New World” civilizations. Today’s entry breaks that trend, however, by harkening back to a more intramural culture clash: that between the Romans and the Germans, during the waning years of the Roman Republic. The eyewitness […]

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Inadvertently on the Angels’ Side

September 15th, 2009 · 2 Comments

Our post about Teddy Roosevelt’s health-care reform attracted a fair number of responses, in particular the ending snippet about the Progressive Party’s opposition to privately contracted prison labor. As one commenter pointed out, this opposition wasn’t borne out of genuine concern over the practice’s moral shortcomings, but rather Big Labor griping over the downward pressure […]

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TR and the Nation’s Health

September 10th, 2009 · 8 Comments

As soon as President Obama invoked Theodore Roosevelt’s name last night, we started digging through the archives in search of details about the Bull Moose’s call for health-care reform. It was a tougher get than we expected, as the proposal amounts to little more than a single line in the Progressive Party’s final 1912 platform; […]

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The Safety Line

September 8th, 2009 · 4 Comments

We here at Microkhan are avid fans of Robert Young Pelton’s World’s Most Dangerous Places series, in part because we never cease being amazed by the man’s utter ballsiness. (Algeria sans security in the thick of civil war? Really?) But the lure in Pelton’s work isn’t just his bravado—it’s his frankness about which travels threats […]

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Those Wage Earners Left Behind

September 4th, 2009 · 1 Comment

As you’re stuffing your face with sweet sausages and Budwesier Chelada this holiday weekend, we hope you’ll pause for a brief moment to remember those who really could have used a Labor Day respite: victims of karōshi, who remain far more numerous than they should be. Karōshi translates from the Japanese as “death from overwork,” […]

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An Easy Four Bucks

September 2nd, 2009 · 2 Comments

Legal wolf hunting has finally returned to the Lower 48, ostensibly as a way to control the species’ population while also earning Idaho’s state government a few bucks. The program obviously has some folks in a lather, as history shows that rapacious hunting was responsible for the gray wolf‘s longtime residency on the endangered species […]

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The Grain Curve

August 27th, 2009 · Comments Off on The Grain Curve

Inspired in part by the “Meat is the new bread!” daring of the much maligned KFC Double Down, we recently found ourselves keen on learning more about the history of America’s love affair with flour. There is, of course, good reason that one of our most patriotic songs goes out of its way to shout […]

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Oil Non-Shock

August 13th, 2009 · 4 Comments

During out all-too-brief sojourn in St. Cloud, Minnesota, we caught wind of James Leroy Iverson’s release from North Dakota’s Missouri River Correctional Facility, after serving 40 years for a pair of 1969 murders. Iverson was, in fact, North Dakota’s longest-serving inmate, and thus a man unaccustomed to 21st-century living. What has shocked him the most […]

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Airplanes Out to Pasture

July 14th, 2009 · 11 Comments

Depression v2.0 may be rough all around, but that doesn’t mean there aren’t more than a few economic winners amidst the widespread misery. You already knew about foreclosure specialists and pawn shops; now cast your jealous gaze toward the folks who operate commercial airplane graveyards, where flailing carriers are stashing the aging jets they can […]

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The Western Union Economy

July 13th, 2009 · Comments Off on The Western Union Economy

As we continue to plow through Patrick Radden Keefe’s excellent The Snakehead, we’ve been giving tons of thought to the impact of immigrant remittances. We never cease to be amazed by how much working-class immigrants are able to save and then contribute to the families they left behind—so much, in fact, that some economies become […]

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