In fact, the Government is often seen as a source of misinformation, and this can be the cause of suspicion and conflict. Recent slum-upgrading initiatives in the city are a case in point. The authorities often failed to inform the residents of the plans for their areas, which led to violence and protests, and even riots in which people were killed.
Emerging from the current slowdown isn’t just a matter of political will or smart central banking. If the recipe for success requires smooth adjustment into new growth sectors, more savings from disposable income, cleaning up the housing mess, well-functioning energy markets, and more effective financial intermediation — all in the right combinations and in the right sequences — neither the government nor the Federal Reserve can control this process. The Fed can add regulatory and monetary clarity, but there isn’t any magic bullet. Beware of anyone who tells you there is.
Hmm. Stan Collender praises Tyler Cowen for his insight that “people” have been treating capital gains as saving, setting us up for the current mess. But it wasn’t just “people”: the assertion that all’s well thanks to capital gains has been a staple argument of conservative economic commentators, notably David Malpass; in fact, it’s an argument that pops up every couple of months on the WSJ editorial page. So this isn’t a delusion of the great unwashed; it’s a doctrine, one that has played a big role in conservative thinking.
DIGITAL technology may seem unpredictable, but it follows some basic patterns. Innovations quickly become commodities, enable arbitrage and lead to more distributed systems. Combining all three is the recipe for Dabba, a South African wireless start-up, which has pioneered an idea called the “village telco”. It could make phone calls much more affordable for many people.
First, Rael Lissoos, Dabba’s founder and a socially minded entrepreneur, uses the cheapest technology he can find to build a wireless network. Reprogrammed Wi-Fi routers serve as base-stations. Open-source software weaves them into a network. Cheap Wi-Fi handsets can then make calls. Dabba offers free local calls to the people of Orange Farm, a township near Johannesburg where it has built its first network...
VNL's base station will cost $3,500 and require 100 watts to run, about the same as a light bulb. By contrast, the GSM stations most widely used today can cost anywhere from $40,000 to $100,000.
The National Health Insurance Program is different, according to the Indian government, because of its use of technology; its business model, in which insurance companies and hospitals are given incentives to take part; and because the information on the smart cards is secure. The program enables a family that is below the poverty line to choose where its members would like to receive their benefits, and it helps migrant workers...
The plan presents a way for insurance companies to market themselves and develop brand awareness. A large, private general-insurance company in India, ICICI Lombard General Insurance Company Ltd., which is a joint venture of ICICI Bank Ltd. of India and Fairfax Financial Holdings Ltd. of Canada, is introducing the program in the northern states of Haryana, Rajasthan and Uttar Pradesh -- regions with a combined population of more than 240 million people, many of whom would qualify...
For private hospitals, the program can increase the number of patients and potentially widen the client base. By opening private facilities to more patients it should take some of the weight off overflowing government hospitals.
Those government hospitals, which already offer free treatment to such patients, can also apply to join the program. If they do, they are paid the same rates private hospitals would get.
Since its launch in April, about 1.5 million people have joined the plan. India's government said it would like to add 12 million families before next April -- about 60 million people -- and then continue at that rate for another four years.
Rural India has enjoyed few of the fruits of growth as India's economy has expanded by about 9% annually over the past four years. Providing some welfare to India's poorest -- 60% of the nation's 1.1 billion people eke out a meager living off the land -- has been a key focus of the ruling coalition, led by the Congress Party.
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