Economy Jun 24

Brexit: 4 reasons it comes as a shock

First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers…

Starting in 2006, Syria suffered its worst drought in 900 years; it ruined farms, forced as many as 1.5 million rural denizens to crowd into cities alongside Iraqi refugees and decimated the country’s livestock. Water became scarce and food expensive. The suffering and…

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