Cirque d’Afrique: 2014 U.S-Africa Leaders Summit

    The African Circus is coming to town. It is officially called “U.S-Africa Leadership Summit” (not Ringling African Brothers). It is scheduled to be held on August 5-6 in Washington D.C.  The theme of the “Summit” is “Investing in the Next Generation”. According to the pre-Summit hype, in the first ever “U.S.-Africa Leaders Summit, African…

Ethiopia: An Early Warning for a Famine in 2013

For the past several months, there has been much display of public sorrow and grief in Ethiopia. But not for the millions of invisible Ethiopians who are suffering and dying from starvation, or what the “experts” euphemistically call “acute food insecurity”. These Ethiopians are spread across a large swath of the country (see map above,…

Ethiopia: The Fakeonomics of Meles Zenawi

There is the economics of Adam Smith, the intellectual father of capitalism. There is Levitt & Dubner’s freakonomics of weird stuff. Then there is the fakeonomics (economics by gimmickry) of  Meles Zenawi, the dictator in Ethiopia and author of the five-year “Growth and Transformation Plan” (GTP). Zenawi forecasts a “not unimaginable” 14.9 percent economic growth for…