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Rising Sea Levels Won’t Doom U.S. Coastal Cities

Harvard Business Review

In the summer of 2013, Rolling Stone published a long article titled “Goodbye, Miami,” which claimed that climate change will submerge much of the titular city. Real estate investors will have strong incentives to respond to these forecasts. But long before the city is completely underwater, chaos will begin.”

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Early Lessons from India’s Demonetization Experiment

Harvard Business Review

In November the government made a high-risk, high-stakes economic intervention in the world’s largest democracy, with an objective to reduce corruption. The existence of this parallel economy is a substantial drag on the Indian economy: According to recently released data , only about 1% of Indians paid taxes on their earnings in 2013.

Banking 10
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India’s Botched War on Cash

Harvard Business Review

But the government seems to have failed in meeting this objective. Supply chain transactions, real estate deals, and even weddings and funerals have been frozen. According to a 2013 Mastercard study , India was in the “Inception” category of both absolute level of cashlessness and the trajectory of change.