What the Tributes to George H. W. Bush Are Missing

The 41st president was the last person to occupy the Oval Office whose opponents saw him as fully legitimate.

Since George H. W. Bush’s death, many observers have noted that he embodied a less rancorous, less polarized political era. But underlying that civility was something deeper: Bush was the last person to occupy the Oval Office whose opponents saw him as a fully legitimate president.

https://www.theatlantic.com/ideas/archive/2018/12/bush-race/577150/

The American Economy Is Rigged

Economists have put forward a range of explanations for why inequality has in fact been increasing in many developed countries. Some argue that advances in technology have spurred the demand for skilled labor relative to unskilled labor, thereby depressing the wages of the latter. Yet that alone cannot explain why even skilled labor has done so poorly over the past two decades, why average wages have done so badly and why matters are so much worse in the U.S. than in other developed nations. Changes in technology are global and should affect all advanced economies in the same way. Other economists blame globalization itself, which has weakened the power of workers. Firms can and do move abroad unless demands for higher wages are curtailed. But again, globalization has been integral to all advanced economies. Why is its impact so much worse in the U.S.?

https://www.scientificamerican.com/article/the-american-economy-is-rigged/

Why Natural Resources Are a Curse on Developing Countries and How to Fix It

Natural resource revenues have also been linked to slow economic growth rates, inequality, and poverty. One culprit may be the so-called “Dutch disease,” whereby resource revenues raise a country’s exchange rate, hurting competitiveness in non-resource sectors.

https://www.theatlantic.com/international/archive/2012/04/why-natural-resources-are-a-curse-on-developing-countries-and-how-to-fix-it/256508/

Indicator Podcast: Saudi Arabia and The Paradox of Plenty

This week, back in 1933, a team of American Geologists from Standard Oil Company in California arrived on the shore of a small, sparsely populated Middle Eastern country called Saudi Arabia. Today on the Indicator: what the team of geologists found and how it changed the economy of a country and the global economy for better … and for worse.

https://www.npr.org/sections/money/2018/09/24/651231709/saudi-arabia-the-paradox-of-plenty

How Yemen Became a Humanitarian Nightmare: Untangling a Complex War

Saudi Arabia and its neighbor and close ally, the United Arab Emirates, intervened in 2015 because of perceived Iranian support for the rebels. The Sunni Muslim monarchy of Saudi Arabia and Shiite Iran are rivals for power and influence across the Middle East, and Yemen has become a battlefield for one of the proxy wars between them.