Category Archives: Economics

Easily Confused (56) Water

Where we find water: on Mars, between 34 and 250 million miles away Where we can’t provide safe drinking water to around 750 million people: our own planet Sorry, poor people, but this whole space thing is much more exciting.

Posted in Economics, Environment, Health, Technology | Tagged , , | 9 Comments

Brazil is becoming more affordable

You know that a country is going through an economic crisis when your friends from Brazil don’t begin their days by posting photos of their morning coffee, but by commenting on the exchange rate between the Brazilian real and the US … Continue reading

Posted in Brazil, Economics, Statistics, Travel | 6 Comments

Modern Mecca

Is it still the Kaaba (the black box in the arena) which is supposed to be the holiest site in the world, or has Mecca just become another place to worship dollars and riyals (and a copy of Big Ben)?

Posted in Economics, Islam, Religion, Saudi Arabia | Tagged , | 6 Comments

Why Eastern Europe cannot accept more Refugees

Dear Western Europe, it seems you are in sulk about our unwillingness to accept more any refugees. It hurts us to hurt your feelings, so please allow us to explain things from an Eastern European perspective. We are certain you that … Continue reading

Posted in Economics, Estonia, Europe, Human Rights, Hungary, Islam, Latvia, Lithuania, Poland, Politics, Statistics | Tagged , | 15 Comments

A polite coffee

At a café in Sibiu, Romania: One coffee – 6 lei One coffee please – 3 lei Good morning, one coffee please – 2 lei Polite, as I always am, I get a really good deal here. 2 lei are 50 US-cents.

Posted in Economics, Food, Romania, Travel | Tagged , | Leave a comment

Twitter share price below IPO price

Less than two years ago, when Twitter went public, I was the lone voice warning you against buying their shares. Then the share price initially went up like a rocket and I didn’t get a show on CNBC. Now however, the … Continue reading

Posted in Economics, Technology, USA | Tagged , | Leave a comment

Easily Confused (51) Economic Systems

Communist centrally planned economy: Capitalist free market economy: The main difference seems to be that nowadays, young people do the queuing themselves instead of sending their mothers. That’s progress. (Auf Deutsch.)

Posted in Cold War, Economics, Technology | Tagged | 13 Comments