Sunder’s List

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Another reason why NREGA is evil: it tries to prevent urbanization. They only way we are going to lift peasants out of poverty is if you give them access to service jobs. Sound’s unreal? Look at China’s experience: Jobs Require Cities.

Pop quiz: Name a country where currency trading can get you executed? Answer: Iran. If they are willing to accept Indian Rupees for oil, they must be in some serious trouble.

Oh Greece! Quit the EU already. Looks like they need $20 billion more. Who would’ve guessed right? Besides, the amount of pain that the entire region need to go through to stay in the Euro common currency might just lead to civil war. (United States of Europe)

You many need to read this twice: Chinese nationals are paying for Japanese real estate through credit cards. (FT)

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