New working paper with @AmolRaswan and Chris Udry: "The Sisyphean Pursuit of Evidence for Poverty Traps."
A central idea in development economics is that poverty can trap people. We went looking for the cleanest evidence. Here's what we found – and didn't.
Our latest blog highlights 5 takeaways on the Philippine economy and outlines what lies ahead for 2026. While near-term outlook remains broadly stable, the medium-term picture is more complex as structural bottlenecks continue to weigh on potential growth.
#Pifest2025 is connecting with the outside world for the first time. Now, not only pioneers but everyone can shop with $Pi using wallets on exchanges. This will increase the demand for purchasing $Pi from external individuals and organizations. Pi merchants, join the event!
#PiNetwork #PiDay
#PiDay2025 #PiNetwork2025
In Open Network, the community’s contributions and engagement with Pi’s utilities, features, and communications are more important than ever. Make sure you follow and get information from the authentic official Pi social media accounts! Go to the Pi Safety Center at https://t.co/r4rh8Vs30i to see all official Pi communication channels—do not trust any channel or account not listed on the Safety Center webpage and beware impersonators.
In Congo, 70 Christians were beheaded inside a church in Kasanga by Islamist radicals. And there has been virtually no reportage on this story. But we have seen this tragedy repeated over and over throughout Africa, and the world ignores it. We cannot. 🙏
Open Network has officially launched, marking a groundbreaking moment for all Pioneers! With external connectivity now enabled, Pioneers can engage in transactions beyond the Pi ecosystem, connect with KYB-verified businesses, and access new integrations like centralized exchanges.
Want to explore all the new possibilities? Go to the Pi mining app home screen to watch a video from Pi Network founder, Chengdiao Fan, and read the official announcement. Discover how Open Network unlocks a new era for Pi and how you can be part of it!
“Dearest Mother, how happy was my soul those heavenly moments when I gazed upon you. How I love to remember those sweet moments spent in your presence, your eyes filled with kindness and mercy for us!” —St. Bernadette Soubirous
JUST IN: Los Angeles mayor Karen Bass freezes up while getting absolutely skewered by a reporter for her horrible policies.
This is exactly how these people should be treated.
Reporter: "Do you owe citizens an apology for being absent while their homes were burning?"
"Do you regret cutting the fire department budget by millions of dollars, madam mayor?"
"Have you nothing to say today?"
"Have you absolutely nothing to say to the citizens today?"
"Elon Musk says that you're utterly incompetent. Are you considering your position?"
"Madam mayor, have you absolutely nothing to say to the citizens today who are dealing with this disaster? No apology for them?"
"Do you think you should have been visiting Ghana while this was unfolding back home?"
American reporters should take notes from this guy.
Local LA news just confirmed that it’s true that water resovoir that was supposed to serve the area of the Los Angeles Palisades fire should have had over one hundred and eighteen MILLION gallons of water and you know how much it had when the fires broke out..?
ZERO.
ZERO GALLONS.
If that’s not criminal negligence and/ or domestic terrorism then I don’t know what is.
The thought is making me physically nauseous as everyone I know in LA has experienced personal loss from these fires and/ or also is currently evacuated.
GAVIN NEWSOM AND KAREN BASS MUST RESIGN IMMEDIATELY AND BE INVESTIGATED.