Outsmarting Crime Together: CityCop CEO Nadim Curi, 23 March 2017

IMG_7676Sami J. Karam speaks to Nadim Curi, CEO of the anti-crime app CityCop.

Powered by its successful rollout in Latin America started in 2014 and further boosted by funding from startup accelerator techstars, CityCop has staked a claim to turn its “social platform for community watch” into the global leader in crime reporting and public safety.

Curi explains:

What Waze has done for traffic globally, we have done the same for public safety.

What we are doing at CityCop is to make all of this information [about crime incidents] that today is private or is lost, to make it public. The criminals have always taken advantage of this lack of information. They have always the same modus operandi, in the same areas, at the same hours, against the same unaware people. CityCop is making all of this information public for the people to be much better informed of what is happening.


Starting in Austin, CityCop plans to expand to San Francisco, Chicago, New York and other cities. Curi’s ultimate ambition is to turn CityCop into a global “Waze against crime”.


Posted in Economy, Podcast, Society, Technology, Texas, United States | Leave a comment

The Economics of Dependency

This article first appeared at Foreign Affairs.

How countries hit the demographic sweet spot.

Demographics are among the most important influences on a country’s overall economic performance, but compared with other contributors, such as the quality of governance or institutions, their impact is underappreciated. Demographic factors, such as the age structure of a population, can determine whether a given economy will grow or stagnate to an even greater extent than can more obvious causes such as government policy.

One of the most consequential aspects of demographics as they relate to the economy is a phenomenon known as the “demographic dividend,” which refers to the boost to economic growth that occurs when a decline in total fertility, and subsequent entry of women into the work force, increases the number of workers (and thus decreases the number of dependents) relative to the total population. The demographic dividend has contributed to some of the greatest success stories of the twentieth century, and countries’ ability to understand and capture this dividend will continue to shape their economic prospects well into the future. Continue reading at Foreign Affairs >>>

Posted in Africa, BRIC countries, China, Corruption, Demographic Dividend, Demography, Dependency Ratio, Economy, Education, Europe, Foreign Affairs, India, Infrastructure, Innovation, Society, Sub-Saharan, United States, US Economy | Leave a comment

Trump Country: Where the Immigrants Aren’t

Trump did best in the states with the lowest percentages of foreign-born residents.

“I love the poorly-educated”, gushed Donald Trump after winning the Nevada primary in February. But in the end, what happened in the primary, stayed in the primary. Come November, Trump lost the state to Hillary Clinton, a turn that is explained by the fact that there is a higher percentage of foreign-born residents in Nevada than in any state won by Trump, save Florida.

In fact, Trump won the general election because he carried almost all of the states where there are few foreign-born residents. His anti-immigration message resonated most in the parts of the country that have the fewest immigrants. Of course, he also won immigrant-heavy Arizona, Florida and Texas, but mainly by prevailing in rural counties. He lost in the counties that include the major urban centers of Miami, Orlando, Tampa, Dallas, Houston, Austin and San Antonio. He did win in Maricopa county where Phoenix is located but perhaps not in Phoenix itself. (Maricopa county encompasses a lot more than Phoenix as it is larger by itself than the entire state of New Jersey, and larger than Connecticut and Delaware put together.) Continue reading

Posted in 2016 Candidates, California, Demography, Economy, Florida, Immigration, Politics, Society, Terrorism, Texas, United States | Leave a comment

To Save or Ruin Twitter

A decision that could fix Twitter or hasten its demise.

This is not the first article to suggest that Twitter can generate some revenues by charging its users, but perhaps we can offer some new angles to the discussion. To begin, it is helpful to differentiate between the different types of Twitter users. These seem to be:

  • Media firms publishing their stories and videos, for example CNN, the New York Times, etc.
  • Corporations marketing their products or making announcements.
  • Non-profit organizations and NGOs raising awareness on various issues.
  • Government institutions, agencies or individuals trying to inform the public.
  • Famous individuals looking to communicate with their fans, for example celebrity entertainers, politicians or opinion leaders.
  • Public or semi-public individuals looking to raise their visibility and to build their personal brand, for example journalists, consultants and academics.
  • Small or mid-sized businesses promoting their services and products.
  • Private individuals seeking a mode of expressing their thoughts and feelings, often anonymously through a pseudonym.
  • Private individuals who rarely or never tweet but visit Twitter frequently to read the news or other people’s tweets. Continue reading at Seeking Alpha >>>
Posted in 2016 Candidates, Business Strategy, Economy, Innovation, Investment, Stock Market, Twitter, United States, US Economy, Wall Street | Leave a comment

Passive Funds Are Just Free-Riding Active Funds

If you and your neighbor have the same income and expenses except that he rides the bus for free every day while you pay a fare, he will be richer than you. Until recently, this was obvious: the neighbor is a free rider while you pay your way.

But now, the obvious is presented as a novelty. Plenty of people are extolling the benefits of free-riding without naming it as such and encouraging a large exodus from active to passive (or indexed) funds. The only problem is that proponents of this form of free-riding neglect to also mention the following corollary sub-plot.

Now your neighbor makes you feel like a fool and convinces you to also ride for free. Soon, your whole town has caught on to the idea and fewer and fewer people are willing to pay for the bus. After a while, the number of people supporting bus service with their dollars becomes so small that buses go out of business or fall into a state of disrepairContinue reading at Seeking Alpha >>>

Posted in Economy, Innovation, Investment, Society, Stock Market, United States, US Economy, Wall Street | Leave a comment

The Futility of Annual Top 10 Predictions

In every recent year, a black swan event has made top 10 lists appear quaintly naive and unimaginative. Our list is probably no better.

This time of year, top 10 predictions are all the rage. These lists can be interesting and entertaining but how useful are they really?

This question goes to the heart of forecasting. How futile or how useful is an attempt to forecast the economy, or technology, or world events for the next twelve months? There are three answers. Continue reading

Posted in China, Economy, Emerging Markets, India, Iran, Oil, Russia, Saudi Arabia, Society, Terrorism, United States | Leave a comment

The Mainstream Media Will Rise Again

The news media was flattened on November 8th but its recovery has already started.

One of the striking features in all the commentary on Facebook about Donald Trump’s victory is the number of times that the words I, me and my appeared in member posts. For example, “I am proud”, “I am optimistic” or “I am fearful”, “I am worried” etc. The comments celebrating or lamenting the event were mostly about the way the writer felt about the event, not about the event itself. That looks like a subtle difference but it reveals a demarcating line between an introverted reaction vs. an extroverted one.


None of this is too surprising because even in normal times, Facebook’s format and primary raison d’être are to enable people to talk about themselves and to update their friends on their comings and goings. On any given day outside of an election period, the blue bannered webpage seems to be 80% introversion (photos and news of one’s own family, or one’s own meal, or one’s own travels, challenges and accomplishments) and 20% extroversion (posts of articles about third parties). Continue reading

Posted in 2016 Candidates, Economy, Media, Politics, Society, United States, US Congress, US Economy | Leave a comment

Should Children Vote?

The rising cost of entitlements will test inter-generational harmony.img_6331

In the week following the Brexit vote, a recurrent complaint from the losing side was that a majority of older people voted to leave while a majority of younger people voted to remain. In the eyes of the complainers, this rendered the leave outcome less legitimate because younger people have more years of life ahead of them and therefore would allegedly suffer more than old people from a decision to leave the European Union. So much for the wisdom of old age knowing what is best. And so much for the principle of one person one vote, regardless of age, gender or race or whatever.

Instead of disenfranchising a group of older voters, we may consider allowing children some representation in our voting system. In the United States, the voting age is 18 which means that there are approximately 74 million US citizens aged under 18 who do not have the right to vote. That is a sizable 23% of the entire population who will all be adults by 2034 and who may not in the future take kindly to the long-duration budget commitments that were made in their absence. Continue reading

Posted in 2016 Candidates, Demography, Economy, Medicare, Pension Funds, Social Security, Society, United States, US Federal Budget | Leave a comment

Job Creation Under the Next President

(The Wall Street Journal published on November 2nd a synopsis of this post. It was also featured on January 20th in the French weekly L’Express.)

Retraining the employed and the unemployed for higher value-added skills is now more important than simply adding to the number of jobs.

Coal and steel magnate Wilbur Ross, a senior policy advisor to the Trump campaign, has just made in the pages of the Wall Street Journal an economic prediction that looks mathematically unattainable.

Writing with business Professor Peter Navarro of UC – Irvine, Mr. Ross forecast that policies enacted by a President Trump would lead to the creation of 25 million new jobs, ostensibly over an eight year period: Continue reading

Posted in 2016 Candidates, Demography, Economy, Immigration, Unemployment, United States, US Economy

The US Census Digs Deeper

Where were your ancestors from?

Over 45 million Americans identify their dominant ancestry as German and 22,000 identify theirs as Marshallese, from the Marshall Islands in the Pacific. But in the US Census proposed new form for 2020, both of these groups get their own box to check for the first time. In the previous 2010 form (shown below), German-Americans would simply check ‘White’ and Marshallese-Americans would check ‘Other Pacific Islander’.


In the 2020 form therefore, the US Census is seeking more disclosure and more granularity in the population data. This desire for more detail is not evenly spread however. The Marshallese, 0.01% of the US population, get as much real estate on the form as do German-Americans, 14% of the population. Germany being a country of many regions and Bundesländer, there would surely be more fragmentation in that 14% if anyone cared enough to know the percentage who claim for example Bavarian vs. Hessian ancestry. Continue reading

Posted in Demography, Economy, France, Race, United States, US Census | 1 Comment