Ross Reynolds talks with Tim Harford, Financial Times columnist and author, about his new book "The Undercover Economist Strikes Back: How to Run – or Ruin – an Economy."
The book focuses on the work of macroeconomists and how they believe that tweaking the right dials can steer our economy away from danger. Harford also offers a macroeconomic perspective for Seattle's on-going minimum wage debate.
Originally published on Mon February 24, 2014 3:25 pm
West Coast log and lumber exports rose sharply in 2013 as Asian demand for American logs increased, according to new research from the U.S. Forest Service.
The region's lumber and log exports rose about 20 percent last year, with demand peaking in the fourth quarter.
Most of the West Coast logs shipped overseas are going to China -- although Japan has upped its demand, as well. With limited forestlands of their own, these countries rely on the United States’ timber supply.
Nurse Carina Araujo gives care to a child in the neonatal intensive care unit at Maternidade Doutor Alfredo da Costa Hospital in Lisbon, Portugal, on June 6. Portugal's birthrate has dropped 14 percent since the economic crisis hit.
Credit The Washington Post / The Washington Post/Getty Images
An elderly woman sits near the Tejo River in Lisbon on Oct. 17, 2011. Portugal's population is aging rapidly, due to a drop in births coupled with growth in emigration.
Credit Patricia De Melo Moreira / AFP/Getty Images
The government is closing schools and maternity hospitals, and Maternidade Doutor Alfredo da Costa Hospital was slated to close last summer. But MAC staff went to court to fight for their jobs and won a reprieve, so the facility remains open — though two whole wings sit unused.
In Lisbon, the waiting area of Portugal's biggest maternity hospital is empty. You can hear the hum of soda machines across the hall. There's just one expectant father, pacing the room.
Mario Carvalho, 40, has a toddler son and now awaits the birth of his baby girl.
"Today, I hope!" he says with a nervous smile.
The birth of a new baby is a joyous occasion. But in Portugal, it's an increasingly rare one. Since the economic crisis hit, the country's birthrate has dropped 14 percent, to less than 1.3 babies per woman — one of the lowest in the world.