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Prospects Daily: Global equities decline after US budget talks stall and US consumer confidence falls

The Prospects Daily will be on Winter recess and will resume on

Wednesday January 2nd, 2013.

2.3 Million Lives Lost: We Need a Culture of Resilience

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Looking at communities across our planet, there is a brutal lack of resilience in our modern lives. Cities have expanded without careful planning into flood- and storm-prone areas, destroying natural storm barriers and often leaving the poor to find shelter in the most vulnerable spots. Droughts, made more frequent by climate change, have taken a toll on crops, creating food shortages.

In the past 30 years, disasters have killed over 2.3 million people, about the population of Houston or all of Namibia.

Rio's Buzzing About Natural Capital Accounting

Only a very short time ago, we were drawing blank looks when we mentioned "natural capital accounting." This week at Rio, everyone is talking about it. Walls are plastered with flyers about it. And our event on it yesterday drew such a crowd it was standing-room only.

With three presidents, two prime ministers, one deputy prime minister, a host of ministers, top corporate leaders and civil society groups in the room, we announced that the 50:50 campaign to get at least 50 countries and 50 companies to commit to acting on natural capital accounting was a success. The latest tally: 59 countries, 88 private companies, 1 region, and 16 civil society groups signing on to the Gaborone Declaration, recommitting to other natural capital initiatives, or agreeing to join forces with this movement.

The Impact of Hiring Workers from More Productive Firms- what really cool data tells us

A number of developed countries now have linked employer-employee records, although to date I haven’t seen as many papers doing cool things with such data as I would expect. A new paper in the AEJ-Applied (ungated here) by Andrey Stoyanov and Nikolay Zubanov uses Danish data to show what is possible, and help provide some of the most convincing evidence yet that workers carry firm knowledge with them when they move.

Bike Local, Think Global and What to Do When the Car is Unavoidable

A few years ago I proudly put a sticker on my bicycle that claimed one should ‘bike local’ in order to ‘think global.’ These days, it seems that the car is unavoidable in the majority of growing cities and that instead of biking local one should avoid commuting at all.

Copenhagen: A long, long night

The weather here is absolutely freezing cold, dark and grey. Although Denmark is my home country, I think my many years in Africa and the Middle East have inoculated me in such a way that my system cannot really take this dreary weather. But it is pretty. There are Christmas lights everywhere and a cheery mood throughout the city—even on the packed Metro in the morning.

So what is this COP 15 all about? And why is it so hard? Getting 192 countries to agree on something is inevitably going to be pretty complicated. And once this involves serious compromises, technology, big bucks, and equity and lifestyle issues, it gets all the more difficult.

From Nepal to the Nordic countries, innovations in digital learning resources

The recent launch of the E-Pustakalaya digital library in Nepal is one example of the innovative ways that countries are exploring how to provide learning materials to schools in electronic formats.

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