When an 8-Hour Day Earns You $4.38

There are plenty of paying gigs to be found in online marketplaces, where employers hire freelancers to complete quick mini-tasks like transcribing interviews, verifying info listed on websites, and committing quasi-plagiarism. The only problem with this system—well, the only problem besides the plagiarism—is that even the most …

Behind Egypt’s revolt: A dictatorship without development

I was in Cairo in November, and a friend, Hasan, was kind enough to invite us to his house for dinner. Hasan is not a member of the super elite, but he’s not among the poorest in Egypt either. (His daughter has a new Samsung smartphone.) Yet as we turned onto the streets around his apartment block, I was dumbfounded by what I saw – …

Are We Spending Too Much?

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Americans are, once again, no longer letting their meager incomes get in the way of a good trip to the mall. Consumer spending rose 0.7% in the last month of 2010. That was not only a bigger than expected jump in spending, but it was more than double the 0.3% rise in the month before. But here’s the problem: The income of …

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