Zenaide Muneton is a nanny in New York City. Last year, she made more than $200,000, Planet Money reports. Yes, with five zeros.
How in the world can Manhattan nannies be worth $200,000 a year? One answer is that they’re more talented than your typical babysitter. The highest-paid nannies can…
(Source: The Atlantic)
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Review: First Bank of the Living Dead
HT: MarginalRevolution.com
The theory of the “rentier state” says that countries that receive substantial amounts of oil revenues from the outside world on a regular basis tend to become autonomous from their societies, unaccountable to their citizens, and autocratic. The theory is used to help explain why Iran, the Gulf States, many African states ( Nigeria, Gabon) and other countries (e.g., Netherlands) with abundant resource wealth perform less well than their resource-poor counterparts. How does this happen, according to the rentier state theory? The short answer, according to Yates (1), is that a rentier state and rentier economy lead to a rentier mentality, which dooms a country’s economy and long-term prospects.
Jaw-dropping, amazing, unbelievable, fascinating.
Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of experiments in “monkeynomics” shows that some of the silly choices we make, monkeys make too.
Every girl wants me, every guy wants to be me.
Happy Movember from Michael Cera’s Mustache!
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Zenaide Muneton is a nanny in New York City. Last year, she made more than $200,000, Planet...
