What Pakistan can learn from the economics Nobel laureate

By Murtaza Haider

From food items to consumer products, Pakistanis pay significantly higher prices than others in the region.

Being left at the mercy of oligopolies, which have controlled markets since Pakistan’s creation in 1947, the consumers have been forced to pay higher prices for, at times, inferior quality goods.

Another newly minted Nobel laureate’s efforts may help Pakistanis break free of the tyrannical control of State monopolies and private oligopolies.

Professor Jean Tirole of France has received the 2014 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his work on market power and regulation. His research has shown how firms gain market power and set prices at the detriment of consumers. His work is as relevant to privatisation-happy Pakistan as it is to developed economies.

Read more » DAWN
http://www.dawn.com/news/1138136

HOW BILL GATES HAS BEEN QUIETLY TRYING TO TRANSFORM GLOBAL HEALTH

You’re probably lucky. You probably don’t have to worry about how clean your water is, if you’ll be able to get vaccinated this year, or if you’ll ever get to see a doctor. You’re lucky, but much of the world isn’t. Many parts of the globe still lack the infrastructure and resources to get on par with modern health care. Bill Gates – Microsoft monolith turned philanthropist – wants to change that.

Ten years ago, Bill and his wife Melinda Gates launched the Grand Challenges in Global Health initiative. Initially bolstered by 450 million dollars from their nonprofit foundation, this initiative was set up to give a monetary incentive for scientists and researchers to pursue radical or transformative ideas in public health.

“That’s the idea behind Grand Challenges—to focus bright scientists on the problems of the poorest, take some risks, and deliver results,” Gates said in a press release.

Since 2005, the Grand Challenges in Global Health grant program has delivered 458 million dollars to researchers from 33 countries. And these grants have been focused on issues the Gates Foundation believes to be fundamental in bringing the rest of the world up to the medical standard. Of the 16 overarching challenges listed by the foundation, many focus on vaccination — one of if not the most cost effective disease prevention program we have. Grants have been awarded for projects trying to develop needless delivery systems, vaccine formulas that do not require refrigeration, and single-dose vaccines for use shortly after birth.

Read more » Nerdist
http://www.nerdist.com/2014/10/how-bill-gates-has-been-quietly-trying-to-transform-global-health/

Men are Delighted while Women are Skeptical – Pakistani Expats Reactions on Malala’s Nobel Peace Prize – By: Faiz Al-Najdi

Friday the 10th of October must have been the happiest day in Malala Yousafzai’s life as on this day, at a tender age of 17 years only, she became the youngest person to have been awarded with the prestigious & coveted Nobel Peace prize for the year 2014. She thus became the second Pakistani to have won this honor – after the decorated Pakistani Dr. Abdus Salam had won the Nobel Prize in Physics in 1979.

Read more » South Asia Plus
http://www.sapulse.com/new_comments.php?id=9415_0_1_0_C

‘Revolution is inevitable’: Russell Brand

 

‘Revolution is inevitable’: Russell Brand hits Wall Street, kisses RT interviewer (VIDEO)

Russell Brand and some 200 Occupy Wall Street protesters descended onto New York City’s financial district on Monday, where the celebrity called for a “revolution” within the US. Brand explained his viewpoint to RT – and even kissed the correspondent.

The gathering began as part of a promotional event for his newly released book, titled ‘Revolution.’ However, after a reading at Zuccotti Park – where Occupy Wall Street protesters made global headlines for rallying against social and economic inequality – Brand and other attendees marched to Wall Street.

Once they arrived, Brand spoke about the need for a social and economic “revolution,” something he writes about at length in his new book. Brand mentioned the high disapproval ratings that have been reported regarding American institutions like Congress, arguing that the last time vast swathes of the country were taxed by “elites,” a revolution was sparked.

Speaking with RT’s Aleksey Yaroshevsky at the event, Brand said the arrival of his book comes at a time when Americans are bracing for similar revolutionary action.

“I think it’s inevitable,” Brand said. “When universal change is required, people will formulate and organize, and bring about that change. Now we are living under galling inequality, at the point of ecological crisis. People are misinformed, but the means for new communication are merging, and people are awakening.”

Read more » RT
http://rt.com/usa/195992-russell-brand-revolution-wall-street/