Dennis Whittle tell us about the attraction and myth that is the developmental silver bullet.
Here's an interesting graphic on monetary flows of developmental aid. Aid in Israel has shrunk a lot, apparently.
Another of development: William Easterly reminds us that institutional reform may help developing nations, but we don't know what that means. I disagree that the term is meaningless, though. It helps us to narrow down what types of reforms might be most helpful, and then a more detailed analysis of the factors of institutional reform may help us pin down specific actions.
The economy in Texas is looking strong! Or, at least, looking to rebound soon. I don't expect commercial real estate construction to start up very strongly soon, though.