Econoblog

Economics Made Economical

The corruption has to stop.

CNN Political Ticker

Washington (CNN) — Sen. Robert Menendez’s office issued a statement Wednesday saying he had traveled several times on a plane belonging to a Florida eye doctor who had given political donations to Menendez but that all the trips were “paid for and reported appropriately.” The office also denied allegations the New Jersey Democrat had engaged the services of prostitutes.

The statement was issued after FBI agents searched the West Palm Beach office of the ophthalmologist, Dr. Salomon Melgen. Investigators were seen carrying out boxes during the search, which began Tuesday night and continued into Wednesday. An FBI spokesman in Florida confirmed there was “law enforcement activity” at the location where the search occurred but did not mention Melgen or anyone else and did not explain what agents were investigating.

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Tip of the Day:…

Tip of the Day: A Utility Curve shows an individual’s personal preference for two scenarios relative to one another. It represents an amount of one option that the person is willing to trade for a given amount of the other option. It’s often used to compare an individual’s preferences between two goods. Each possible point along the Utility Curve provides the individual with the same quantity of “utils” as any other point on the curve.

This is terrible. Nobody in this day and age should be a slave of any kind, let alone in a supposedly free country like India.

The CNN Freedom Project: Ending Modern-Day Slavery

Editor’s note: Davinder Kumar is an award-winning development journalist and a Chevening Human Rights Scholar. He works for children’s rights organization Plan International. On October 11, International Day of the Girl, Plan International launches its global campaign “Because I am a Girl,” dedicated to improving girls’ education. The girls’ names have been changed to protect their identities.

By Davinder Kumar, Special to CNN

Prakasam, Andhra Pradesh, India — As evening falls, the girls get restless. Huddled in a group, some go very quiet, while others become agitated. The large hall of residence fills with an atmosphere of fear and anxiety.

One of the girls breaks down as she recounts her experience at the Hyderabad brothel she was rescued from just a few days ago: For two weeks she says she was kept sedated and offered to clients in a comatose state before she was allowed a meal.

As…

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Very odd…

NewsFeed

You can be forgiven for thinking that unicorns only exist in medieval fables and modern-day cartoons. North Korean scientists say you are wrong.

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Global Public Square

By Global Public Square staff

The most intriguing story this week might play out not in Washington, but thousands of miles away, in Beijing. Why? Well, consider this. We didn’t know who the next occupant of the White House would be (now we do), but we have a pretty good estimate of his policies. On the other hand in China, we almost certainly know the identity of the next top leader, Xi Jinping. What we have no clue about is where he wants to take China.

Starting Thursday, Beijing will pick a new generation of rulers — hundreds of new faces. Until a few weeks ago, even the date of this transition was a secret. But come November 8, a new set of leaders will take on a huge backlog of problems. How these issues are dealt with will set the tone not just for China’s 1.3 billion people…

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