Devon’s perspectives on news, economics and development are based on his undergraduate and graduate level education in business.
Washington Week with The Atlantic is balanced and objective reporting on U.S. government and politics.
Washington Week with The Atlantic
Washington Week with The Atlantic is balanced and objective reporting on U.S. government and politics.
Impressive statements by Secretary-General Guterres on the importance of superpowers recognizing the limits on their power and the essential role international law plays in safeguarding all people and all nations.
Puppet Regime is really funny too. 😁
GZERO World with Secretary-General Guterres
Impressive statements by Secretary-General Guterres on the importance of superpowers recognizing the limits on their power and the essential role international law plays in safeguarding all people and all nations.
Puppet Regime is really funny too. 😁
The Return of Depression Economics and the Crisis of 2008 was the first important book on economics that I read as part of my MBA program. Paul Krugman makes it easy to understand why the Great Depression happened, and justifies the use of the most effective tool we have available to stop recessions from turning into depressions. Before reading this book, I was more critical of the U.S. Government's rescue of the big banks during the Great Recession. This book made me realize that while the government rescue did in fact reward banks and bank managers for unacceptably poor risk management, we used the only tool available to us that has been effective in turning back the tide of significant economic contraction.
The Return of Depression Economics and the Crisis of 2008 (Krugman)
The Return of Depression Economics and the Crisis of 2008 was the first important book on economics that I read as part of my MBA program. Paul Krugman makes it easy to understand why the Great Depression happened, and justifies the use of the most effective tool we have available to stop recessions from turning into depressions. Before reading this book, I was more critical of the U.S. Government's rescue of the big banks during the Great Recession. This book made me realize that while the government rescue did in fact reward banks and bank managers for unacceptably poor risk management, we used the only tool available to us that has been effective in turning back the tide of significant economic contraction.
Professor Aswath Damodaran (NYU Stern) is one of the world's foremost teachers, researchers and practitioners of corporate valuation. His go-to-textbook on Investment Valuation offers a hands-on framework for valuing a company by calculating the present value of forecasted future cash flows, adding present day asset values (e.g. cash, non-operating assets), and subtracting present day debt to arrive at a rational equity price which can be compared to the current stock price. Doing valuation well is the underpinning to rational markets.
Equity Risk Premiums by Country July 2026
Professor Aswath Damodaran (NYU Stern) is one of the world's foremost teachers, researchers and practitioners of corporate valuation. His go-to-textbook on Investment Valuation offers a hands-on framework for valuing a company by calculating the present value of forecasted future cash flows, adding present day asset values (e.g. cash, non-operating assets), and subtracting present day debt to arrive at a rational equity price which can be compared to the current stock price. Doing valuation well is the underpinning to rational markets.
Read more on Reuters by clicking below.
Philippines Leads the World in Rush to Solar
Read more on Reuters by clicking below.
Someone asked me the other day if I was a Democrat or a Republican. I definitely lean Democrat on social issues, but I can't be a Democrat or Republican when I consider what both parties have presided over for the last 40+ years. It's the largest debt accrual in the history of nation-states. When you take into account Debt-to-GDP the picture softens, but it's still dangerously irresponsible.
U.S. Debt
Someone asked me the other day if I was a Democrat or a Republican. I definitely lean Democrat on social issues, but I can't be a Democrat or Republican when I consider what both parties have presided over for the last 40+ years. It's the largest debt accrual in the history of nation-states. When you take into account Debt-to-GDP the picture softens, but it's still dangerously irresponsible.
I read this book some time back. I thought it was entertaining but still substantive.
How Soccer Explains the World: An Unlikely Theory of Globalization
I read this book some time back. I thought it was entertaining but still substantive.
This is a tragically sad story which is alarmingly representative of the experience of indigenous peoples throughout the world. After almost 30 years, there are scenes from her book that I still clearly remember.
I, Rigoberta Menchu an Indian Woman in Guatemala
This is a tragically sad story which is alarmingly representative of the experience of indigenous peoples throughout the world. After almost 30 years, there are scenes from her book that I still clearly remember.
this is a heavy one, in more ways than one.
Here's my best shot at a summary by quote: "For investors, the case is clear. Forward-looking return projections based on income yields, earnings growth and currency dynamics imply materially lower expected returns for US equities than in the past, and significantly higher return potential in emerging markets. Allocating more capital to faster-growing, less-correlated economies offers the prospect of higher long-term returns with lower overall portfolio risk."
"For the global economy, the benefits are broader still. A more balanced allocation of capital reduces global imbalances, lowers systemic fragility, and channels savings toward the parts of the world where the marginal return on capital is highest. It deepens local capital markets, lowers financing costs where they are most binding, creates much-needed jobs, and supports a more resilient development model, boosting overall global growth."
Global Capital’s Break With the U.S.
this is a heavy one, in more ways than one.
Here's my best shot at a summary by quote: "For investors, the case is clear. Forward-looking return projections based on income yields, earnings growth and currency dynamics imply materially lower expected returns for US equities than in the past, and significantly higher return potential in emerging markets. Allocating more capital to faster-growing, less-correlated economies offers the prospect of higher long-term returns with lower overall portfolio risk."
"For the global economy, the benefits are broader still. A more balanced allocation of capital reduces global imbalances, lowers systemic fragility, and channels savings toward the parts of the world where the marginal return on capital is highest. It deepens local capital markets, lowers financing costs where they are most binding, creates much-needed jobs, and supports a more resilient development model, boosting overall global growth."
hmmm, it may actually be the American Brand in a lot of ways. Don't mess with it or with globalization.
"The world is incredibly long on the U.S. (to the tune of $27.6 trillion)," says Brad Setser, senior fellow at the Council on Foreign Relations. "It's not so much that people need to be convinced to hold onto their U.S. assets, but to buy more." Given the geopolitical whirlwind emanating from Washington, convincing the world to stick with the U.S. right now may be a tough sell.
International Investment in the U.S.
hmmm, it may actually be the American Brand in a lot of ways. Don't mess with it or with globalization.
"The world is incredibly long on the U.S. (to the tune of $27.6 trillion)," says Brad Setser, senior fellow at the Council on Foreign Relations. "It's not so much that people need to be convinced to hold onto their U.S. assets, but to buy more." Given the geopolitical whirlwind emanating from Washington, convincing the world to stick with the U.S. right now may be a tough sell.
Another really interesting use of technology. This one to address food insecurity.
Kenyan Farmers Use AI
Another really interesting use of technology. This one to address food insecurity.
This is a good discussion about the future of the global economic order.
Future of the Global Economic Order
This is a good discussion about the future of the global economic order.
Reuters is a highly valuable source of international news that covers stories that I never would have been aware of without it.
DR Congo conflict fuels forest loss on Reuters
Reuters is a highly valuable source of international news that covers stories that I never would have been aware of without it.
This is what private investment is supposed to be all about. Companies using their capital to fund innovation and using their scale to lower costs.
Solar Revolution in Africa - The Economist
This is what private investment is supposed to be all about. Companies using their capital to fund innovation and using their scale to lower costs.
"Quality education is not a luxury - it is a human right." The United Nations
Quality Education is a Human Right
"Quality education is not a luxury - it is a human right." The United Nations
Undocumented immigration is not just a domestic issue, it is a global problem with such terrible exploitations. We need to find better ways to create sustainable development in economically underdeveloped countries.
Undocumented Immigration and Economic Underdevelopment
Undocumented immigration is not just a domestic issue, it is a global problem with such terrible exploitations. We need to find better ways to create sustainable development in economically underdeveloped countries.