Although many business owners lament the rampant corruption in the Caribbean, the term corruption can range from bribery (whereby government officials demand illicit payments from individuals or businesses to perform an official task) to unproductive rent-seeking (whereby bureaucrats and parliamentarians favor certain private interests for their legal or illegal lobbying. This … [Read more...] about Are Governments an Advantage for Some Firms, Yet a Disadvantage for Others?
In my previous blog I explained in general terms how predictive policing works. Now I will explain its implementation in more detail. Studies in the United States have shown that half the crimes in Seattle take place in just 4.5 percent of the city's streets; that a bit more than 3 percent of the streets and intersections in Minneapolis account for half the crime there; … [Read more...] about Without Fears