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New Documents Reveal the Cost of “Ending Poverty” in a Millennium Village: At Least $12,000 Per Household

Documents recently made public by the UK government reveal the cost of poverty reduction in the Millennium Villages Project, a self-described "solution to extreme poverty" in African villages created by Columbia University Professor Jeffrey Sachs. The project costs at least US$12,000 per household that it lifts from poverty—about 34 times the annual incomes of those households.

Don't Do It, Colombia! Presidential Term Limits Are Good for Development, But Endangered

How long should presidents rule? On Tuesday, Colombia’s senate approved a national referendum to amend the constitution—again—to allow the popular president Alvaro Uribe to stand for election next year to yet another term in office.

You should care because this is representative of a big phenomenon that spans the whole developing world. For good reasons, many developing countries built presidential term limits into their constitutions—the contracts that govern how people agree to be ruled by each other.