Thursday, May 26, 2011
Consumer spending is fueled by increased consumer sentiment. If consumers feel that the economy is healthy, they spend. On the other hand, if they feel that the economy is down, they save the little money they have. So, a brave speculator/central banker could make consumers spend more if they control information...or only reveal the positive side of the economy. This could increase productivity and boost the economy, all things being equal. However, if information is free flowing, consumer spending and hence productivity goes through a cycle of ups and downs (the health of an economy is often determined by money supply). But, in an economy where consumer spending is through credit, the vulnerability of consumers to spend beyond their means is high when information about the health of the economy is controlled. Hence the need for increased information flow. So, what is one to do? Control information and risk a catastrophic collapse of consumer spending in the long run or free up information and live through the cycle of painful recessions and occasional booms?
Monday, May 23, 2011
ARCHITECTURE is the most powerful tool of communicating the creative intelligence of civilizations. by: Pascal Bede Donnir
Sunday, May 22, 2011
For some time now, I have been wondering about the way I would want to live my afterlife (and I am hoping there is life after death). I want to believe that there is one and that what ever I do here on earth will count when I am judged by the adjudicator, whomever he or she is.
Luckily, I came into contact with David Eagleman's book "Sum". And I must say that although I have not read the entire book and that his premise about Afterlife is still not clear to me, the book has made an imprint on my view of life after death.
Imaging experiencing life in the afterlife as chunks per the number of hours or days spent doing these things while alive. For example, if you spent a total of 100 hours complaining about how no one ever comments on your Facebook status in your life time, then when you die you will complain about Facebook for 100 hours straight.It actually becomes worse if you spend a total of a four months in a trotro queue during your lifetime...then it appears that you will spend a month in a line to board a trotro during the afterlife...but this time you will four months standing in a line to board a trotro.
I guess I must live a quality life if I wish to enjoy my afterlife.
Here is an except of David's book as it appeared on Radionlab:
There is no one for whom it is well" Things Fall Apart...part II page 135.
It may appear that the world is against you when you measure your failure against the success of your peers. But one thing you may not know is that there is no one for whom life is smooth. We all have our day in the sun...yours may come one day. Just keep trying. Success, in my opinion is not measured by the number of times you win; but by the number of times you keep trying.
Saturday, May 21, 2011
It was reported on May 16th by joy FM that more than half of Ghana's primary school students can neither read nor write. The publication cites the Deputy Director General of GES, Stephen Adu who revealed that many students did not meet the education service's established minimum competency levels for primary sschool. He also noted that although access to education has been relatively high, the quality of instruction has fallen. Recent BECE (Basic Education Certificate Examination) scores makes this point clear.
Now, if more than half of our pupils are being poorly trained and our leaders don't seem to care, is the future bright for Ghana? Well, I'll remain hopeful for now; but I am waiting for a response from the government in light of this revelation. Then I will not seem like the boy who cried wolf when I start ranting.