Bad risk perception or rational decision making under resource constraints?

I took this picture the other day on my way up from Dhaka to Rangpur. This is what most of the buses here look like. So, not only do the bus drivers drive like lunatics with smack full buses but they also have, if possible, an even more crowded rooftop.
According to the Bangladesh police [...]

If you knew how true this is…

Yunus in politics

Big developments over here. Professor Yunus, the recent Nobel laureate, is testing the ground for a new political party with an open letter to all.

World press photo

This one is pretty good, “taken 15 August 2006, shows a group of young Lebanese driving through a South Beirut neighbourhood devastated by Israeli bombings”. More here from the BBC.

Inequality

After the grad-school application session, the India trip and some crunch time at work it’s time to pick things up over here. For starters, here are two excellent posts on inequality from different sides, Cowen in NYT and Brad DeLong in the Miami Herald.