3.06 trillion

As of end-June 2005, the deposits of the RCCs [rural credit cooperatives] throughout the country totaled RMB 3.06 trillion. (source — CBRC) The amount of (legal) microcredit available in China appears to be mindblowing. Advertisements

Browse the web as if you’re at the 2010 World Cup!

Good God.

Misleading measurements

Earlier this year, D.C. teachers negotiated a merit based salary schedule. The contract they agreed on uses criteria such as improvement in student test scores to determine pay raises for teachers.  Monitoring year-end outcomes has long been a popular strategy for improving the performance of our schools.  The idea is that if teachers (or schools) … Continue reading

The metaphysics of “not”

On a summer’s day made for a perspiring glass of Coke on the rocks, sitting again on the slope of an old knoll will bring stirrings of familiarity.  This sensation — stirring, I called it — comes from a movement, a shift from unawareness to awareness.  It is like waking from sleep.  A human being, … Continue reading